My Price County

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My Price County
Status: Administrator
Posts: 102
Registered: Apr 09, 2019
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PARK FALLS: FLAMBEAU RIVER PAPERS TO RESUME PRODUCTION NEXT WEEK [Message #1]

Flambeau River Papers has seen many changes over the years. Not too long ago, the major product was copy paper until demand declined and the focus switched to specialty packaging materials. Most recently, it has produced pulp product.

Earlier in 2019, the mill entered receivership and began seeking a buyer.

In June, about 180 workers were laid off when the mill had to cease production, because its largest buyer, Cellmark, was unable to make payment. Cellmark provided about 80% of the revenue for Flambeau River Papers.

On July 1st, the Price County Court, under the direction of Judge Kevin Klein, approved an agreement with a vendor to purchase 75 tons of pulp product per day. The mill also has the ability to pursue a loan of about $2 million. Both of these things will allow the mill to resume production.

Almost 90 employees will be called back as early as next week. Wages for the employees laid off in June can also now be paid.

Having the mill in operation will likely make it more attractive for a potential buyer and will "maximize the value of [the company’s] assets," according to court documents.

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[Edited by My Price County on Jul 09, 2019 at 07:22 PM]

Jul 09, 2019 at 07:06 PM
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My Price County
Status: Administrator
Posts: 102
Registered: Apr 09, 2019
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SUPPORT LOCAL BUSINESSES -- SHOP PRICE COUNTY FIRST [Message #2]

Enjoy the Price County Fair, coming to Phillips August 21-25, 2019!

Visit http://www.PriceCountyFair.com and "like" the Price County Fair's Facebook page at http://www.facebook.com/pricecountyfair


Jul 09, 2019 at 07:07 PM
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