Neenah Paper said that it will permanently close its fine paper mill located in Urbana, Ohio. The closure will take place in phases over the next twelve months.
"This decision follows a thorough analysis of how best to optimize our manufacturing footprint following the Fox River purchase. Closing the Urbana mill allows us further to improve costs and margins and the timeline will ensure we seamlessly continue to serve the needs of our customers," said Sean Erwin, chairman and CEO.
The Urbana mill, with capacity of approximately 39,000 tons per year, was acquired by the company with the purchase of Fox River Paper in March 2007.
Neenah recently closed the Housatonic mill, a 15,000 tpy fine paper mill in Massachusetts, which was also part of the Fox River Paper deal.
SOURCE: Neenah Paper