Paper mills look for new markets to survive

Portland Press Herald: “A global decline in demand for the kind of paper that has been the mainstay of the industry in Maine has prompted several mills to reposition themselves for new product lines – and, hopefully, a brighter future. Three Maine mills have recently announced that they are converting machinery that once produced reams of Read More …

Bixby and Co. wins $100,000 grant

Bangor Daily News  “Kate McAleer of Bixby and Co. has received a considerable stimulus from New York designer Tory Burch for reinventing the candy bar. The Tory Burch Foundation announced Monday that McAleer, founder of Rockland’s organic craft chocolate biz, is the company’s inaugural pitch winner. The honor comes with a $100,000 investment for product Read More …

Grand Lake Stream gets $650,000 to plan for development

Bangor Daily News: “This community of about 85 residents has received $650,000 to apply toward future housing and economic development projects to attract younger residents to the area and create jobs. The grant will ‘hopefully make way for small businesses, which would employ some people in town,’ said Grand Lake Stream Selectman Louis Cataldo.”  

Cate Street CEO and writer settle defamation lawsuit

Bangor Daily News:”The author of a paper industry newsletter and the head of the company that reopened Great Northern Paper Co. have reached a final settlement in a defamation lawsuit. Parties in the case notified the U.S. District Court of the settlement Monday. After initial hearings, the case hinged on writer Verle Sutton’s use of the word Read More …

Wyman’s Increases Canadian Investment  

The Portland Press Herald:  “Over the past three years, the company has spent $33 million on expanding its operations in Canada, compared with $8 million in its home state. Wyman’s President and CEO Ed Flanagan told a group of U.S. and Canadian trade officials Thursday that Canada has several advantages over Maine: drastically lower taxes, Read More …

Propane company drops plan for South Portland

Bangor Daily News:  “An energy company with plans to develop a propane distribution terminal at Rigby Yard in South Portland has withdrawn its application, citing opposition from within city government. NGL Energy Partners said it now hopes to bring its business to another Maine community interested in providing a reliable propane supply for 50,000 homes and Read More …

East Millinocket mill sold for scrap

Portland Press Herald: “The mill in East Millinocket, once one of Maine’s most prolific producers of paper, appears headed for the scrap heap. The mill, most recently operated by investment firms that failed to revive paper production, has been sold to a Florida company, North American Recovery Management. Records filed with the Penobscot County Registry of Read More …

Jay mill owner to keep operating through bankruptcy

Bangor Daily News:  “Jay mill owner Verso Corp. has received court approval to borrow up to $675 million to continue operating as it restructures its debt through a Chapter 11 bankruptcy. A bankruptcy judge in Delaware authorized the two financing packages Thursday for the company that last year bought its larger competitor NewPage.”