NewPage files for bankruptcy

grassfed · September 16, 2011, 07:03:49 AM

Another story...http://www.rumfordfallstimes.com/news/story/05newpage-path37

KyMasterLogger · September 16, 2011, 06:07:50 PM

i got a letter in the mail today stating they were filing bankruptcy. they still owe me for 2 loads.

mill_boy · September 26, 2011, 11:28:48 PM

I think im getting kicked square in the butt. Ive been cutting pulp by hand since i came out of high school and a little bit before that. im next in line to get on a harvester as well.

mad murdock · September 26, 2011, 11:39:15 PM

welcome to the form mill boy. Mill closures are not a good deal for anyone. So many mills have closed across N. America in the last decade or 2. I wasn't here in the PNW when the spotted owl debacle came down, but that was a death blow to hundreds of mills within a matter of a couple years. Mergers, shutdowns, etc. I think that if a guy wants to look to a future in the woods, it will require a lot of "outside the box" strategy. I look at my tree farm and am always thinking of ways that I can make something that I will be able to sell/trade/barter for what I may need for myself and my family, as this economy begins to unwind, things are going to get crazier and crazier.

Skiddah · September 28, 2011, 07:09:17 PM

Bad news in Nova Scotia - http://www.enfieldweeklypress.com/2011/09/27/local-company-owed-money-by-newpage/

Jamie_C · September 28, 2011, 07:17:04 PM

There is one contractor in Cape Breton that is owed just over $280,000 for wood ... The largest single amount owed to any wood supplier by a large margin

mill_boy · December 24, 2011, 07:11:40 PM

Quote from: Jamie_C on September 28, 2011, 07:17:04 PM
There is one contractor in Cape Breton that is owed just over $280,000 for wood ... The largest single amount owed to any wood supplier by a large margin

I do believe that is Brent maccinis. new page owed/owes about that much. he lives in french vale and has a small sawmill and firewood business as well.

Jamie_C · December 24, 2011, 07:39:47 PM

Quote from: mill_boy on December 24, 2011, 07:11:40 PM
Quote from: Jamie_C on September 28, 2011, 07:17:04 PM
There is one contractor in Cape Breton that is owed just over $280,000 for wood ... The largest single amount owed to any wood supplier by a large margin

I do believe that is Brent maccinis. new page owed/owes about that much. he lives in french vale and has a small sawmill and firewood business as well.

Nope wasn't Brent, if memory serves me correctly the next closest wood supplier was owed about $100,000 less than the guy that was owed about $280,000.