Daily News: November 20, 2013

NewPage to Idle Paper Machine at Maine Mill

NewPage Holdings announced that, based on current product demand, it decided to indefinitely idle the No. 12 paper machine at the Rumford, ME mill by mid-February 2014. The No. 12 paper machine manufactures approximately 300 tons of coated paper per day used primarily for magazines, catalogs and commercial printing applications.

“Specific operating plans, as well as timing and the number of jobs affected, are still being developed and will be implemented across the NewPage platform while satisfying customer commitments,” stated Mark Lukacs, senior vice president of operations for NewPage. “We sincerely regret having to make this announcement because of the impact to our employees. We will be working with our Rumford management team to minimize the effects to our employees.”

Miamisburg, Ohio-based NewPage is a producer of printing and specialty papers in North.

Previously on abfjournal: Goldman, J.P. Morgan Lead $850MM Exit Financing for NewPage, December 26, 2012