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Holmen AB to Cease Production at PM 51 at Braviken Paper Mill and Layoff Employees

Tuesday, 19 Mar 2013 06:00am EDT 

Holmen AB announced that it intends to cease production on PM 51 at Braviken Paper Mill outside Norrkoping, Sweden during the third quarter of 2013. The mill’s product mix will be improved when the proportion of newsprint shrinks by 200,000 tons. At the same time, staff will be cut by 180 persons. Following the restructuring program, Braviken Paper Mill is estimated to have 360 employees and two paper machines with an annual capacity of just under 600,000 tons of printing paper. When the changes currently underway at Holmen Paper have been completed, it is estimated that the Swedish units will be able to produce 1,150,000 tons of printing paper, of which 75% will be speciality paper, a portion that is expected to grow further. Production is 90%-based on virgin fibre. At the mill in Madrid just over 300,000 tons of newsprint are produced, based on recovered paper and recovered water. The combined workforce in the business area is estimated to amount to 1,000 employees. 

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11:29am EDT