Newsprint closures focused on European market to open 2013

摘要

FOR THE PAST SEVERAL YEARS, the European newsprint industry has been plagued by excess supply caused by withering domestic demand. While demand has retreated 2.7 million tonnes since 2008, capacity has fallen by only 1.5 million tonnes. Although European producers have attempted to make up for this shortfall by taking advantage of the weak euro and aggressively targeting offshore markets, the 298,000-tonne improvement in net exports last year fell short of mitigating the annual demand decline by 520,000 tonnes.