Stora Enso mulls production cuts at Veitsiluoto, Anjala and Inkeroinen mills in Finland for up to one week/month during H1 2012, citing weak demand; mills involved make magazine and book papers, packaging board
November 16, 2011
Stora Enso Oyj is gearing up for production cuts at three of its Finnish mills due to weak demand, after warning in October that it would increase downtime, reported Reuters on Nov. 16.
The Veitsiluoto, Anjala and Inkeroinen mills in Finland might be shut down for up to one week per month through the first half of next year, said Paivi Kauhanen, spokesperson for the Finnish forest products company.
The three mills involved make magazine and book papers and packaging paperboard. Stora Enso reduced its paper and paperboard output by 9% of capacity in the third quarter.
European papermakers are facing the added pressure of growing economic uncertainty, on top of an ongoing struggle with overcapacity and declining demand, Reuters reported.
The primary source of this article is Reuters, London, England, on Nov. 16, 2011.