International Paper specifies its plans on the planned closure of newsprint production in Madrid. The company said it would halt PM 62 in mid-September.

International Paper (IP) intends to stop newsprint production at the Madrid mill in Spain in mid-September, a company spokesperson told EUWID. Conversion of the site's PM 62 to the production of containerboard is to start in the fourth quarter of this year, as planned. The company is targeting a full ramp-up of the machine for early 2018.

IP acquired the Madrid mill from Holmen in mid-2016 with the aim to make it a mill for recycled corrugated case material. PM 62 has the capacity to produce 330,000 tpy of newsprint. According to IP, the machine will be able to make up to 380,000 tpy of recycled containerboard after conversion.

Source: euwid-paper.com