Wednesday, July 30, 2008

NewPage to close Kimberly mill

By Joel Dresang
Milwaukee Journal Sentinel

NewPage Corp. said this morning that it plans to close its paper mill in Kimberly, displacing 475 workers there.

The Miamisburg, Ohio-based leader in coated paper used in magazines and catalogs blamed a reduction in print advertising for lower paper demand at the same time that costs for fuel and raw material have risen.

The company plans to close the mill at the end of next month. In May, it shut down one of three of the mill’s machines, costing 125 jobs.

NewPage bought the Kimberly mill as part of its $2.6 billion buyout of Stora Enso North America, formerly known as Consolidated Papers Inc. NewPage also is closing a mill in Niagara and has other Wisconsin operations in Wisconsin Rapids, Biron, Stevens Point and Whiting.

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