Two paper mills in the State are closing – one hopes to reopen in a few months. NewPage Corp. is owned by Cerberus Capital (the company that now owns Chrysler); Fraser Papers is based in Toronto, and has other operations in Maine.
Fraser Papers Inc. is shutting down its Ashland sawmill temporarily because of low lumber prices caused by a weak U.S. housing market.
The company says about 70 workers will be without a job for approximately four months, depending on market conditions. The mill will close once current log supplies are processed. - A.P.
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A company that supplies paper to catalog and magazine publishers said Wednesday it will shut down a paper machine and cut 60 jobs in Rumford.
NewPage Corp. said a total of 660 jobs will be cut nationwide as it integrates the North American operations of Finland-based Stora Enso Oyj that it bought for about $2.1 billion last September. NewPage acquired eight factories in the deal. – A.P.
NewPage has a sustainability section, and they appear to be making an decent effort to address their environmental impact:
We conduct business in a responsible manner by minimizing our impact on the environment and ensuring the sustainability of our manufacturing operations. We are proud of the fact that each step in the production of our paper is environmentally friendly.
UPDATE: a third closes.
