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UPM-Kymmene and Northern SC Paper, a subsidiary of the New York Times Company, announced the dissolution of their partnership, Madison Paper Industries, in the USA. The partnership’s paper business will end and paper production concluded in end of May. Hydro power assets located at the mill site will be sold. With the closure of the mill, UPM will reduce production of a total of 195,000 tons of its supercalendered paper capacity.