UPM-Kymmene has announced it will close the Miramichi mill in August 2007 for 9-12 months, citing weak demand and the strength of the Canadian dollar as factors. This will be a huge blow to the economy of the Miramichi area (and beyond) and will definitely affect the New Brunswick East Coast Railway's operations in the area. UPM is their main customer in Miramichi and no doubt there will be layoffs on the NBEC as a result of this.
This is not a permanent closure (yet) but it looks grim. Coming on the heels of the announcement that Weyerhauser's facility will remain closed, things are looking bad for Miramichi.
CBC report
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