Nova Scotia

MIAMISBURG, OH—NewPage Corp. announced that it plans to take approximately 150,000 tons of market-related downtime on its paper machines at various mill locations during the second quarter of 2009. The move was based on estimates of market demand and inventory levels. Specific operating and curtailment plans, as well as timing, will be developed across NewPage mills to best satisfy customer commitments.

Transcontinental kept its momentum in the fourth quarter and ended fiscal 2008 with adjusted earnings per share of $1.73, compared to $1.50 in 2007, up an appreciable 15%. Adjusted net income, which excludes asset impairment, restructuring costs and unusual adjustments to income taxes, is a good indicator of the Corporation’s operating performance.

More Blogs