Some more red-hot good news for the Katahdin area.....
http://new.bangordailynews.com/2011/02/ ... e-warning/
JB
http://new.bangordailynews.com/2011/02/ ... e-warning/
JB
Railroad Forums
Moderator: MEC407
Portland Press Herald wrote:A New Hampshire company has signed an agreement to buy the shuttered Millinocket and East Millinocket mills, Gov. Paul LePage announced today.Read more at: http://www.pressherald.com/news/Portsmo ... ckets.html
Cate Street Capital, a Portsmouth company that invests in green energy projects, will work over the next few weeks to resolve any outstanding issues in the deal, company officials said in a statement.
Portland Press Herald wrote:A private equity firm plans to buy the closed paper mills in Millinocket and East Millinocket and reopen them, eventually employing more than 400 people in a region that now has an unemployment rate of 21 percent.Read more at: http://www.pressherald.com/business/n_h ... 08-31.html
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Gervais said the company would first open the East Millinocket mill, which closed in April, and later the Millinocket mill, which closed in 2008. The closure of both mills cost 600 jobs.