Turning a New Page

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NewPage Corp. will shutter parts of paper operations in three states and cut nearly 700 jobs as part of its acquisition of Stora Enso North America. The company, which makes paper used for a wide range of direct marketing activities, including direct mail, inserts, catalogs and coupons, says the moves will increase 2008 North American production between 3% and 8%. The $2.5 billion acquisition closed in December.
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