Smurfit-Stone to Close Two U.S. Mills
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The Ontonagon mill, which produces 280,000 tons of medium annually, and the Missoula mill, which produces 620,000 tons of liner annually, are high-cost facilities that do not provide adequate returns over the long term for the Company.
The company expects to incur a restructuring charge of approximately $284 million, of which approximately $246 million is non-cash, in 4Q 2009.
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