Consolidation in the fine paper market will progress with the closure of Condat’s PM 6, while its parent company Lecta continues to implement cost reduction measures.
Lecta announced that the planned closure of PM 6 at its Condat mill in France will take effect as from 1 July this year. The closure of the machine, which was designed to produce up to 130,000 tpy of woodfree coated paper, was announced back in March this year against the background of declining demand and accumulating overcapacity in Western Europe.
Lecta also announced that the number of jobs to be eliminated at the Condat mill will be reduced to 139. The initial project submitted to the workers’ representatives in March had envisaged the elimination of 144 jobs. The company said that it was providing incentives to facilitate voluntary early retirement and other kinds of voluntary redundancy.