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A mill that has lasted 4 centuries has announced its closure showing that even history can't survive a crisis.MALAUCENE – When the Malaucene paper mill opened in 1545 in Provence, Henri VIII ruled England, the Ming dynasty held sway in China and Spanish conquistadors had just founded Mexico City.
One of Europe's oldest factories still to be at work, the paper mill was built by 16th-century craftsmen in the sun-drenched Vaucluse region of southern France and has been at the heart of village life even since.
All that will end come September, when the factory shuts down, the latest victim of the economic crisis that is forcing plants and businesses to fold across Europe.
"It's a historic monument in our village," said Mayor Dominique Bodon. "Soon, we will be living in a ghost town."
After racking up some EUR 21 million (USD 28 million) in losses over the past four years, Malaucene's US-owners Schweitzer-Mauduit last month announced plans to shut down the paper mill, which employs 211 people.

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