Boise to Close Two Paper Machines at International Falls Mill

摘要

Boise Inc's chief executive said that two paper machines at the company's International Falls, Minnesota mill will be closed by the fourth quarter of this year. The machine closures will impact about 300 jobs and reduce the company's uncoated freesheet capacity by approximately 115,000 tons per year. "To improve the cost competitiveness of our Paper business, where we operate against the background of secularly declining demand for our products, we have made the difficult decision to close two paper machines and an off-machine coater at our International Falls mill," said Alexander Toeldte, Boise's President and CEO, in the company's first quarter earnings statement.