Resolute Forest Products Inc. announces the permanent shutdown of one newsprint machine at its Augusta, Georgia facility. This decision is motivated by the ongoing structural challenges in the newsprint market and is necessary to avoid costly rotating downtime. 95 people will be cut from mill's workforce.
"Long-term market conditions remain challenging for newsprint, particularly for our U.S. mills, which are especially vulnerable in the present U.S. dollar environment," said Richard Garneau , president and CEO.
Resolute Forest Products is a global leader in the forest products industry with a diverse range of products, including market pulp, tissue, wood products, newsprint and specialty papers.
Source : lesprom.com