The newsprint production at Stora Enso Maxau will end due to the weak European market outlook and high production costs, Stora Enso writes in a press release Tuesday morning. Sales prices have fallen significantly, while recovered paper and wood costs have risen strongly. As a result, there is no realistic prospect of newsprint production at Maxau mill becoming profitable again in the foreseeable future, according to Stora Enso.“The European newsprint market is structurally heavily oversupplied, and there has been no substantial recovery in demand since consumption collapsed in early 2009. The outlook for demand is negative too. In addition, the availability of wood and recycled fiber in Germany has been limited, so costs have been rising fast recently,” says Juha Vanhainen, Executive Vice President, Stora Enso's Publication Paper business area.The shutdown will affect about 180 of the 617 people employed at Stora Enso's Maxau mill. Stora Enso is working on a social plan for the employees affected. The two uncoated magazine paper machines with a total annual capacity of 530,000 tons at Maxau mill will remain in operation.