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and cut 111 jobs. The plant made uncoatedd recycled boxboard with an annual capacityu ofabout 62,000 tons. "In December, we announced that we were idlingb the Carolina Paperboard mill and woulde monitor demand in order to determine whethe it was feasible to resume productionb atthe facility,” said Greg vice president of sales for Caraustar’x Mill Group, in a statement. “In this increasinglty challengingeconomic environment, it is not economically prudent to resume paperboard production or to continu to keep the papert machine idle." Austell, Ga.-based Caraustar (NASDAQ: will take a pre-tax chargre of $9.
7 million related to the but it expects the closure will lead to $11.4 million in annual pre-tax savings. Caraustar , hurt by weaker demand and impairment costs. The recycled paperboared and packaging company had a net lossof $98.8 million. Annual sales dipped 4 percent to $819.7 million.
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