Miamisburg, Ohio, USA, 11 November 2008 -- /PRNewswire/ -- NewPage Corporation today announced that it plans to take approximately 40,000 tons of lightweight coated groundwood market-related downtime during the fourth quarter of 2008. This curtailment is in addition to previously announced market-related downtime already taken in the second half of this year. Downtime and operating plans across the NewPage mills will be arranged to satisfy customer commitments. Lightweight coated groundwood paper is used in magazines, catalogs, and inserts.
"We remain committed to balance our production to consumption. Based on weak market demand, this curtailment is required to achieve this balance," said Rick Willett, president and chief operating officer for NewPage. "We believe with our flexible lightweight coated groundwood system that we can continue to fully service our customers' needs. We view this action as a short term necessity, but remain dedicated to the importance of this segment to our business in the longer term."
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 Kentucky, Maine, Maryland, Michigan, Minnesota, and Wisconsin in the United States, and in Nova Scotia, Canada. These mills currently have a total annual production capacity of approximately 4.5 million tons of paper, including approximately 3.3 million tons of coated paper, approximately 900,000 tons of uncoated paper, and approximately 300,000 tons of specialty paper.
To learn more about NewPage Corporation, visit www.NewPageCorp.com.