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Holmen to Close PM 61 at Madrid Mill on March 31

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Holmen, Stockholm, Sweden, reports that it has decided on the date for closure of the smaller paper machine, PM 61, at the company's mill in Madrid, Spain. Production will cease on March 31. The closure was announced in conjunction with the year-end report.

PM 61 has a capacity of 170 000 metric tpy. This equates to almost 10% of the business area's production capacity. The paper machine produces coated magazine paper (LWC) as well as improved newsprint to a lesser extent. Approximately 170 employees will be affected.

 

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