Miamisburg, Ohio, USA 01 April 2009 -- NewPage Corporation today announced that it plans to take approximately 150,000 tons of market-related downtime on its paper machines at various mill locations during the second quarter of 2009. Specific operating and curtailment plans and timing will be developed across NewPage mills to best satisfy customer commitments.
“We continue to operate in a challenging marketplace where total advertising spending has sharply declined. As we manage through these challenges, we remain committed to running our operations efficiently as we balance our production to consumption,” said Rick Willett, president and chief executive officer for NewPage. “Based on our estimates of market demand and inventory levels, this curtailment is needed to help maintain that balance. Fortunately, our flexible system enables us to fully service our customers’ needs during periods of downtime."
Headquartered in Miamisburg, Ohio, NewPage Corporation is the largest coated paper manufacturer in North America, based on production capacity, with USD 4.4 billion in net sales for the year ended 31 December 2008. The company’s product portfolio includes coated freesheet, coated groundwood, supercalendered, newsprint, and specialty papers. NewPage owns paper mills in Kentucky, Maine, Maryland, Michigan, Minnesota, and Wisconsin, USA, and in Nova Scotia, Canada. These mills have a total annual production capacity of approximately 4.4 million tons of paper, including approximately 3.2 million tons of coated paper, approximately 1.0 million tons of uncoated paper, and approximately 200,000 tons of specialty paper. To learn more about NewPage Corporation, visit www.NewPageCorp.com.