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Management Side
NewPage Taking Additional Downtime
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Miamisburg, Ohio, USA, 24 June 2008 – NewPage Corporation will take approximately 34,000 tons of coated paper downtime in July, in addition to 25,000 tons previously announced 05 June. Additionally, three sheeters scheduled to shut down in the third quarter of 2008 at the company’s Chillicothe, Ohio, converting facility will now cease production 11 July.

Of the 34,000 tons of downtime, approximately 18,000 tons will be taken at the Kimberly, Wisconsin, mill and the balance by accelerating the previously announced closure of the Niagara, Wisconsin, mill to 21 June. The affected Kimberly machines produce coated freesheet, and the Niagara mill produced lightweight coated groundwood papers.

The Chillicothe converting facility will shut down three folio sheeters, while one remaining digital sheeter continues production until the facility’s planned closure in the fourth quarter 2008. The balance of the Chillicothe converting machines were moved to the converting operations in Luke, Maryland, at the end of May as scheduled. The Chillicothe sheet production volume will be transferred to converting operations in Luke, Maryland, and Wisconsin Rapids, Wisconsin.

“We have recently announced a number of downtime activities due to the very difficult, unpredictable environment in which we are operating," said Rick Willett, president and chief operating officer. "Rising, volatile inflationary costs for energy, raw materials and transportation coupled with weak demand require us to regularly review our cost platform as well as the balance between our production and market demand. To be successful and viable long-term, we believe it is imperative to be flexible and responsive to these changing conditions,” he said.  “We are committed to continuing to keep our stakeholders apprised of any new significant decisions as we move forward.”

Headquartered in Miamisburg, Ohio, NewPage Corporation is the largest coated paper manufacturer in North America, based on production capacity, with USD 4.7 billion in pro forma net sales for the year ended 31 December 2007. The company’s product portfolio is the broadest in North America and includes coated freesheet, coated groundwood, supercalendered, newsprint, and specialty papers. These papers are used for corporate collateral, commercial printing, magazines, catalogs, books, coupons, inserts, newspapers, packaging applications, and direct mail advertising.

NewPage owns paper mills in the United States in Kentucky, Maine, Maryland, Michigan, Minnesota, and Wisconsin, and in Canada in Nova Scotia. These mills currently have a total annual production capacity of approximately 5.5 million tons of paper, including approximately 4.3 million tons of coated paper, approximately 920,000 tons of uncoated paper, and approximately 300,000 tons of specialty paper, as well as approximately 3.2 million tons of pulp.

To learn more about NewPage Corporation, visit www.NewPageCorp.com.

 


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