Sappi Fine Paper Europe Plans to Maintain Paper Supply
Brussel, Belgium, 02 November 2011 -- M-real Oyj, which produces the Galerie Art range of wood-free coated reels and sheets for Sappi Europe, today announced that it will initiate a consultation process with the employees of its Äänekoski mill in accordance with Finnish labor law. Such consultation might result in the definitive closure of the mill's paper machine 2 (PM 2). Sappi Europe has therefore established a contingency plan to ensure that it maintains an uninterrupted supply of products to its customers. Sappi Europe and M-real Oyj have agreed that, in case of a cessation of production at the Äänekoski mill, the supply of Galerie Art wood-free coated reels would be transferred to M-real’s Husum mill in Sweden. Sappi Europe would remain the exclusive seller of coated paper produced by M-real’s Husum mill.
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