It just never ends - Old Town Closing

Immediate closing. I'm starting to see why PanAm doesn't invest in infrastructure in Maine.

http://bangordailynews.com/2014/08/14/b ... usinessBox" onclick="window.open(this.href);return false;

Sad day for sure.

riffian wrote:Immediate closing. I'm starting to see why PanAm doesn't invest in infrastructure in Maine.

http://bangordailynews.com/2014/08/14/b ... usinessBox" onclick="window.open(this.href);return false;

How about most other places on the system?

necr3849 wrote:

riffian wrote:Immediate closing. I'm starting to see why PanAm doesn't invest in infrastructure in Maine.

http://bangordailynews.com/2014/08/14/b ... usinessBox" onclick="window.open(this.href);return false;

How about most other places on the system?

Point taken...

Have yet to see if the reopening of this mill has resulted in PAR carloadings. If this pulp is going by rail to Wisconsin, we should have seen some activity by now.

riffian wrote:Have yet to see if the reopening of this mill has resulted in PAR carloadings. If this pulp is going by rail to Wisconsin, we should have seen some activity by now.

Near heartattack when I saw the title of this thread.... about 30 loads per week

CN9634 wrote:

riffian wrote:Have yet to see if the reopening of this mill has resulted in PAR carloadings. If this pulp is going by rail to Wisconsin, we should have seen some activity by now.

Near heartattack when I saw the title of this thread.... about 30 loads per week

Plus a token 1-2 of inbound Calcium Chlorate.

Ditto your statement about heartattacks...

Sodium Chlorate.

Wow, saw this thread and nearly died. I thought they were already closing Old Town *again*. Whew...

MEC407, can you change the name of the thread? Maybe there is already a thread on Old Town?

roberttosh wrote:Sodium Chlorate.

Yeah, thats the stuff...Can you tell its been a long winter up here?

Also saw thread and thought not again.

That woman is just a vulture capitalist. There is no "concentrating on turning industries around". She buys the properties at distressed prices, promises all sort of "investments" to upgrade the physical plant...leverages loans from hedge funds that think she's building a business, then declares bankruptcy (all the while insisting she's first in line of creditors) and makes off with the money. The worst aspects of capitalism, writ large, and the workers pay the price.

Whatever happened to that $30M "research grant" for the ethanol process?

The ethanol bit is still happening regardless of the mills status... obviously having a suitor is helpful. The FBRI initiative rebuilt 1/4 of their loading warehouse into a UMaine Research facility. They are going to run some test loads in the next few years I hear....

Lynn is a bit of a wild card but she is out of the picture now. Expera is a huge win for Old Town.... they got lucky

[quote="riffian"]Have yet to see if the reopening of this mill has resulted in PAR carloadings. If this pulp is going by rail to Wisconsin, we should have seen some activity by now.[/quote
Switched regularly by the NM-1 crew