Australian Paper will close its manufacturing facilities in Shoalhaven, Australia, during 2015, as the company said in the press release received by Lesprom Network.
Peter Williams, Australian Paper’s Chief Operating Officer, said: “Despite the best efforts and ongoing support of our people at Shoalhaven over a number of years to remain competitive, the market for specialty and security papers such as cheque and watermark papers has continued to experience a significant and sustained drop in demand. Unfortunately, this has made the ongoing operation of the site progressively unviable.
“This situation has left us with no choice but to close the Shoalhaven facility which will result in the loss of 75 jobs. The exact timing of the closure is yet to be finalised but production will cease during 2015, taking into full consideration the needs of our valued customers,” Mr Williams said.
Australian Paper is Australia's largest manufacturer of recycled office papers.
Source : http://www.lesprom.com/