subsidiary of the Swedish paper group has closed its factory machines Fuenlabrada Madrid and prepares a redundancy to 170 employees, half its workforce in the country .
The origin of this closure is in the rising price of recovered paper, the main raw material Holmen takes to operate. In the past two years, the price per ton of newsprint for recycling has doubled: from 80 euros in 2009 to 150 euros by 2010. Volume
Holmen
factory consumes about 600,000 tons of recovered paper annually. To understand the volume of this industry, the blue containers in the municipality of Madrid generate about 80,000 tons a year.
With these quantities and raw material prices doubled, the firm believes that its business is not profitable in Spain and questioned more than a decade of investment. The machine has stopped operating in Fuenlabrada representing 10% of the paper division of the Swedish group.
The company also donated 8 million to a sorting of recovered paper in 2007 and last year, continued its investments: a new cogeneration facility of 30 million euros and 31 megawatts (MW) of power and reuse project water which cost 12 million euros.
Holmen is the main energy producer in the Community of Madrid, with 78 MW.
These plans now hang in the balance, although the company does not comment on his immediate future. For now, the board of the group is satisfied with this partial closure.
Way Expansion.
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