Katahdin Paper Company Announces Indefinite Closure of Millinocket Paper Machine; Cites Record High Oil Prices
Katahdin Paper Company LLC (“Katahdin” or the “Company”) announced today the indefinite shutdown of its 180,000 ton per year supercalendered paper machine at its mill in Millinocket, Maine. Paper produced at the mill is used in the magazine, catalogue and retail insert industries. The closure is expected to take effect July 28, 2008 and is for an indefinite period.