FutureMark Announces Closure if Buyer Not Found
FutureMark has announced the closure of it’s 168,000 ton/yr Coated Recycled Paper plant in Alsip, IL if a buyer is not found. The mill intends to make orders for 2 weeks before idling equipment. FutureMark cited market conditions and energy costs as the reason. We have seen a steep decrease in Coated Groundwood prices since last winter – as well as a steep drop in Demand. Additionally, FutureMark wrestled with extremely high Natural Gas prices last winter.