M-real shuts down PM at Äänekoski mill
M-real has concluded the statutory negotiations at its Finnish Ääneksoki mill that began on 9 November. The company said it decided to close down the mill‘s woodfree coated paper machine with a capacity of 200.000 t annually as planned. The mill’s sheeting capacity is to be converted to folding boxboard sheeting. M-real plans to idle production of coated fine paper at the site by the end of 2011. Planning work related to the sheeting capacity conversion was started, M-real said. A maximum of 169 employees will be affected by the measures.