Fraser Papers is expected to file for bankruptcy protection in Ontario Canada sometime this week, and it's unclear what that means for the Gorham Mill according to a new release from WMUR this morning.
What could this mean? Under bankruptcy protection it could mean alot! It does Not necessarily mean the loss of area jobs at the mill. It could me a restructuring but will undoubtedly mean that this paper mill will need to be on the fast track to effiency if it its to come out of bankruptcy competing against a global market that is far more efficient in term of its expenses.
This mill could be sold to an entity that would count on the synergy of cheaper energy production which is in the offering and needs to be fast tracked whether the mill is sold of restabilized.
Business owner, father of four children. Concerned for a northern nh city, Berlin, that has a chance to redefine itself as an important green energy producer for New England. This area has a choice between two biomass companies but only enough resource to fuel one proposal. I am in favor of biomass as a means to move NH towards its 2025 initiative of 25% alternative energy production, but not at the expense of sustainability or quality of life. I believe massive biomass plants need to have a nation wide analysis as they can effectively eliminate higher efficiency use of our forest.
What could this mean? Under bankruptcy protection it could mean alot! It does Not necessarily mean the loss of area jobs at the mill. It could me a restructuring but will undoubtedly mean that this paper mill will need to be on the fast track to effiency if it its to come out of bankruptcy competing against a global market that is far more efficient in term of its expenses.
ReplyDeleteThis mill could be sold to an entity that would count on the synergy of cheaper energy production which is in the offering and needs to be fast tracked whether the mill is sold of restabilized.