FutureMark Paper Group to Indefinitely Idle Illinois Facility
Mill produces coated paper and employs 170 workers.
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The coated paper market is under increasing pressure as coated mechanical paper prices continue to decline and energy prices remain high following record-cold winter. Aggravating an already weak market, the Canadian government's estimated $200 million subsidy of the previously bankrupt Port Hawkesbury paper mill in Nova Scotia in 2014 enabled that mill to reopen and flood the market with 40,000 tons per month of low-cost supercalendered paper, creating an overcapacity that has most U.S. coated paper players operating at a loss.
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