M-real curtails coated fine paper production

04/06/2008
M-real Corporation Press Release 4.6.2008
 

M-real will curtail its production of coated fine papers between June and
August to align production with expected market demand in Europe during the
summer months, limit export volumes and control capital tied to inventories.
Weak US dollar does not allow big volume increases in overseas market to
compensate seasonally decreasing demand in Europe. 
 
The output will be reduced by between 10 and 20 per cent depending on product
and market mix. Details will be discussed with key customers and the required
service levels will be maintained throughout this period. 
 
Announced curtailments are expected to have no personnel effect. M-real's total
coated fine paper capacity is about 1.5 million tons per annum. 
 
For further information please contact:
Juha Laine
Vice President, Investor relations and Communications
Mobile: +358 50 346 0350
Email: juha.laine@m-real.com