Arctic Paper to sell specialty papers mill

Arctic Paper is planning to divest its Mochenwangen mill in Germany, a specialty papers mill.  According to the company, the reason for this move is to eliminate further losses at the site, and it does not rule out the possibility to close down the mill, which has 180 employees.

The Mochenwangen mill produces wood-containing, bulky book printing paper, offset paper, wall base paper and backing paper on two paper machines.

The  divestment plans for Mochenwangen are part of Arctic Paper’s profit improvement programme which aims at reducing costs.