FutureMark Announces Closure if Buyer Not Found

  |   Coated Freesheet, Coated Groundwood

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.