The Old Town pulp mill in Maine, owned by Nine Dragons Paper Limited paper manufacturing company in China, will be shutting down operations for an extended period after operating until mid-April.
The decision to take extended downtime was attributed to the rising cost of fiber, energy costs, and market conditions.
The mill produces unbleached softwood kraft pulp and recycled market pulp, which are used in various products, including books, retail inserts, magazines, flyers, and corrugated boxes.
The closure will result in almost 200 employees losing their jobs. ND Paper has offered some employees positions at other locations.
The company has also announced a significant reduction in market pulp production at its Fairmont, West Virginia, mill due to market conditions.
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