Jan 17, 2008. /Lesprom Network/. Fraser Papers announced that temporary shutdown of its 70 MMfbm lumber-mill in Ashland, Maine. The mill will close once current log supplies are processed and is expected to remain closed for approximately 4 months, depending on market conditions. Weak housing markets in the United States and resultant low lumber prices have contributed to unsustainable operating losses at the mill. The shutdown will impact approximately 70 employees at the mill. The Company's sawmill located in Masardis, Maine, is unaffected. Fraser Papers is an integrated specialty paper company which produces a broad range of specialty packaging and printing papers.