Catalyst Idles Elk Falls Paper Mill, Croft On Pulp Mill Indefinitely

摘要

Richmond, British Columbia based Catalyst Paper reported that it will indefinitely curtail pulp production at its Crofton kraft mill due to the decline in market demand. The curtailment will remove approximately 400,000 tons of annual pulp capacity. In a related move, a five-week curtailment of the Elk Falls # 2 and # 5 paper machines, which 'was to end March 31, has been extended indefinitely. The indefinite curtailment of all three paper machines at the Elk Falls mill removes 526,000 tons of newsprint and uncoated mechanical paper capacity on an annualized basis. "The rapid decline in North American newsprint consumption is unprecedented," said Richard Garneau, President and Chief Executive Officer, "and it requires us to focus sharply on cost management as we optimize production across our mills to match capacity with the order book."