Posted at: 05/02/2013 12:17 PM
Updated at: 05/04/2013 5:29 PM
By: Maarja Anderson & Jon Ellis
Boise Inc. says 265 jobs will be lost when it shuts down parts of its International Falls paper mill.
The company announced Thursday that two paper machines and an off-machine coater at the mill will be closed by the end of the year. Alexander Toeldte, president and chief executive officer, said in a quarterly earnings statement that the shutdowns are difficult but needed to improve the company's cost competitiveness in the industry.
Two paper machines will remain in operation.
"We understand the impact this decision has on our dedicated employees, as well as the community of International Falls. We appreciate their efforts and support over the years," Toeldte said in the statement.
The shutdowns will reduce Boise's annual uncoated freesheet capacity by about 9 percent, which Toeldte said will allow the company to focus its efforts on key products and machines that drive profitability.
The plant employed more than 800 people as of 2010.