Rottneros considering shutdown of Miranda, the Spanish pulp plant
Feb 24, 2009. With continued losses and weak liquidity, the situation is critical for pulp producer Rottneros. The Board is reportedly discussing a possible shutdown of Miranda, the Spanish pulp plant.
Feb 24, 2009. /Lesprom Network/. With continued losses and weak liquidity, the situation is critical for pulp producer Rottneros. The Board is reportedly discussing a possible shutdown of Miranda, the Spanish pulp plant, as Papernet informed Lesprom Network.
Rottneros CEO, Ole Terland, confirmed in an interview in the Nya Wermlands-Tidningen daily that a possible closing of Miranda mill has been discussed. According to the newspaper, Terland will soon travel to Spain to inform the plant management and the employees onsite about what future alternatives are foreseen for the plant.
One problem created by shutting down Miranda is production of Silvipak food packaging at the plant. In 2007, Rottneros decided to invest SEK 50 million (approx. $6 million) for a new Silvipak production line at the Miranda plant, since production capacity for Silvipak at the Rottneros mill in Värmland, Sweden, was not considered sufficient to meet demand.