Wausau Paper to Close Groveton Paper Mill

Just announced today, Wausau Paper will close its Groveton paper mill by years' end. Another sign of the chronic over capacity facing paper mills in North America. This reduces Wausau's production by 105,000 tons or 28% of its capacity within its Printing and Writing group. Along with the mill closure about 300 + jobs will be lost.

The Printing and Writing group has struggled with profitability for some time. Last year in the same period it made profits of $1.1 million and in contrast for this 3rd quarter lost $1.3 million. This fast move by the Wausau Paper Board of Directors is a part of a larger three part plan to return the Printing and Writing group to profitability by cutting costs and focusing on its core grades; Astrobrights, Exact and Royal lines.