New hope for Maine's paper industry
Posted by scapozzola on 08/30/2011
Two Maine paper mills have sat idle for months. Now however, Cate Street Capital has signed an agreement to purchase mills in Millinocket and East Millinocket.
Maine Governor Paul LePage commented: "This is a significant milestone in our efforts to not only restore papermaking in the Katahdin region, but to create job opportunities for Mainers. I want to commend the hard work and commitment of Brookfield and Cate Street. We look forward to continuing to work toward a closing.”
The U.S. paper industry has faced tough competition from China. An Economic Policy Institute (EPI) report found that from 2002–2009, China’s rapid rise in the global paper industry was fueled by more than $33 billion in illegal subsidies.
This post has 1 comment •
Add a comment
1 comment
Related recent Blogs
- Nanette Lepore's New Shoe • by scapozzola • 05/24/2013
- May 24, 2013 Headlines: U.S.-EU trade deal exemptions, investing in U.S. manufacturing, and more. • by LRaup • 05/24/2013
- Washington State Bridge Collapse Illustrates Perils of Failing Infrastructure. • by scapozzola • 05/24/2013
- Reps. Daniel Lipinski (D-IL) and Michael Grimm (R-NY) form new Congressional Public Transportation Caucus. • by scapozzola • 05/23/2013
- Homeland Security and Gov. Tom Ridge • by scapozzola • 05/23/2013
- CNBC: Is a Chinese construction firm benefiting from its Beijing connection? • by scapozzola • 05/23/2013
- May 23, 2013 Headlines: Gains in the job market, small businesses manufacturing in the U.S.A., and more. • by LRaup • 05/23/2013
- VIDEO: Concerns about America's defense industrial base • by scapozzola • 05/22/2013
- CNBC: China investing in U.S. • by scapozzola • 05/22/2013
- In Indiana, ongoing concerns about subsidized auto parts from China and Japan • by scapozzola • 05/22/2013
Woven Sack Machines
Features of this machine ideally suitable for fertilizer bag &laminated bag, high production speed of 55 mtr. /min., user friendly operation, heavy duty vibration free structure, microprocessor based system with digital display, variation in cut length less than1%, and less man power required.
Woven Sack Machines