Smurfit closure to avoid ‘cash losses’
October 20, 2008 By Pulp & Paper Canada
Smurfit-Stone has confirmed plans to permanently close its Pontiac pulp mill in Portage-du-Fort, QC. As of October …
Smurfit-Stone has confirmed plans to permanently close its Pontiac pulp mill in Portage-du-Fort, QC. As of October 31, the facility will cease production, putting 218 employees out of work.
The mill produces Northern Bleached Hardwood Kraft paper-grade pulp, a product the company says is not integral to its transformation strategy. Deleterious pulp market conditions prompted the decision to close the mill, in order to provide the company with some leeway “to avoid cash losses,” Steve Klinger, president and CEO of Smurfit said.
“This decision reflects the current pulp market and in no way reflects on the hard work and dedication of our employees at this mill,” Klinger said. “It is our intent to work closely with government authorities, local communities and unions as we make this transition.”
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