White Birch Paper has announced plans to temporarily cease production at its Stadacona newsprint mill in Quebec city as from 9 December. Decreasing demand for newsprint as well as higher fibre costs are said to be the reasons for the measure. For similar reasons, the company's subsidiary SP Newsprint located in Greenwich, Connecticut has filed for creditor protection under Chapter 11 in the US Bankruptcy Court for the District of Delaware. The newsprint producer said he intended to explore options to continue its business as a going concern.
White Birch Paper taking downtime, SP Newsprint filing for Chapter 11
© 2011 EUWID Europäischer Wirtschaftsdienst GmbH | All Rights Reserved.
Copyright notice The regular and systematic circulation of price tables from the EUWID Premium section is not permitted. Only one copy is permitted to be printed out for the purpose of circulation within the company. Distribution of EUWID price tables by intranet or by E-Mail within a company, throughout a group of companies, to customers, or to independent sales representatives is not permitted and constitutes an infringement of copyright law.