Borregaard intends to close pulp mill in Switzerland
- We regret this serious situation for the company and the difficulties this will create for our employees. During the last few years we have worked hard to improve the situation, but we have to realise that the mill is not profitable in today's market situation, says Borregaard's President & CEO, Per Sørlie. Borregaard's business in Switzerland had a turnover in 2007 of EUR 105 million. The company's competitive position has developed negatively and despite notable improvements, substantial investments are necessary to specialise the mill further. In addition, the mill in