Kuusakoski announces the closure of its US operations after facing prolonged profitability challenges. The company remains committed to supporting affected employees and will continue to focus on creating value in regions where it excels in recycling and sustainability.

Following a thorough evaluation of the company’s strategic objectives and extensive consideration of all potential alternatives, Kuusakoski has made the difficult decision to close its business operations in the United States. This decision was made following severe prolonged challenges the company faced with profitability in the US market. Despite numerous efforts to stabilise and turn the operation around, the financial performance has not met expectations.

This means that both of the Kuusakoski sites at Illinois, US will be closed down and operations stopped in a controlled manner during 2025.

"Our US team has made significant contributions over the years, and we sincerely appreciate their dedication and hard work. As we move through this transition, we are committed to providing support to all affected employees in the US”, says Mikko Kuusilehto, President and CEO of Kuusakoski.

Kuusakoski will continue to focus on its operations in regions where the company can create the most value in the circular economy – as stated in its vision, by being the customers' preferred partner through excellence in recycling and sustainability.