Holmen is to close down one of the two board machines at its Workington Mill in Cumbria, UK, at the end of this year, and upgrade the capacity of the remaining machine. The company also plans to cut about 100 staff at the Braviken paper mill in Norrköping, Sweden.
“This will make us even more competitive and further bolster our transition towards the highest quality segments,” says Magnus Hall, president and CEO. “The changes are in line with our efforts to evolve our boxboard products and will reinforce our solid position and strong brands in high quality boxboard.
Holmen Paper is continuing to adapt to the decrease in demand for printing paper.
“The market for printing paper continues to be weak. We must continue our efforts to streamline the organisation and make sure that our units maintain their competitive edge,” he adds.
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