Botnia curtails production at its Finnish mills


The demand for pulp has decreased rapidly in connection with the recession in
the global economy. The weak demand has lowered pulp prices and increased the
producers' stock levels significantly. Therefore, Botnia plans significant
curtailments of production also at its other Finnish mills in addition to the
Kaskinen mill. The curtailments will be effected during 2009 with extraordinary
production shut-downs according to demand for pulp. 

The company considers laying off its employees for the duration of the
production shut-downs, and the statutory negotiations as required by Finland's
Act on Cooperation in Companies will be commenced on 12 January 2009. The
proposal for the start of the negotiations is given to the employee groups of
Joutseno, Kemi, Rauma and Äänekoski mills on 7 January 2009. The negotiations
will affect 678 people. 

For more information, please contact Ilkka Hämälä, President and CEO, tel. +358
10 4654672