by gokeefe
Between that and the upgrades of Catalyst? Yes. Note also that the machine restart includes upgrades. Pretty big deal really.
Here are some other thoughts:
In the past twelve months we have seen the following developments: Sappi Somerset decides to invest about $80-$100 million in a new machine, Catalyst in Rumford decides to make major capital investments ($10 million +). In the past two weeks alone Old Town has been sold to new ownership which is planning a restart and just a few days ago Millinocket was announced as the site for a new cross laminated timber mill ($100 million).
The last twelve months have probably seen about as many new announcements for new capital investment as the last twenty years combined.
Here are some other thoughts:
In the past twelve months we have seen the following developments: Sappi Somerset decides to invest about $80-$100 million in a new machine, Catalyst in Rumford decides to make major capital investments ($10 million +). In the past two weeks alone Old Town has been sold to new ownership which is planning a restart and just a few days ago Millinocket was announced as the site for a new cross laminated timber mill ($100 million).
The last twelve months have probably seen about as many new announcements for new capital investment as the last twenty years combined.
gokeefe