Stora Enso to close PM6 at Imatra mills
Stora Enso is considering the closure of paper machine 6 at Imatra Mills in Finland, according to Nip Impressions. With annual production capacity of 90 000 tonnes, PM6 is a small machine that has reached its end-of-life. The planned closure would result in a reduction of maximum 80 employees.
According to Nip Impressions, the plan is to continue production until the maintenance break during third-quarter or until the end of 2019, with an ability to deliver the committed volumes.
The planned closure would cost approximately EUR 4 million related to asset write-off and costs of the co-determination process. The amount would be recorded as an item affecting comparability (IAC).