Clearwater Paper Reduces SBS Production at its Arkansas Facility
Clearwater Paper announced the restructuring of its Cypress Bend, Arkansas facility, resulting in the reduction of approximately 20% of salaried and hourly roles at the facility. The company plans to operate the facility at about half of its production capability.
“We are faced with a supply driven downturn in our industry that is pressing margins and cash flows. We’ve made this difficult decision to improve our operating rates and reduce costs,” said Arsen Kitch, president and chief executive officer.
Clearwater Paper has an installed capacity of about 1.4 million tons of SBS across 3 mills and 5 paper machines: Lewiston, Idaho; Cypress Bend, Arkansas; and Augusta, Georgia.
Clearwater Paper Reduces SBS Production at its Arkansas Facility