Aug 25, 2008. /Lesprom.com/. Australian Paper, including the Maryvale Mill, could be sold following revelations its parent company PaperlinX is seeking potential investors, Latrobe Valley Express reported. PaperlinX announced it was looking for investors to take either a share of Australian Paper, or all of it in a bid to increase profits. The announcement follows the release of PaperlinX's earnings for the financial year, which revealed its after tax profit was down 10% on the figures of last financial year. A cost blowout of $82 million on the overdue pulp mill upgrade at Maryvale and rising input costs have been listed among the factors contributing to the company's decline in profits. In a statement, PaperlinX said it was looking for investors who were "interested and capable of persuing the value of Australian Paper's strategic advantages over the long term to create more value than we are able to''. But no decisions about whether the sale will definitely go ahead have been made, according to PaperlinX executive general manager corporate affairs, David Shirer. It is understood the company will only sell off all or parts of Australian Paper if a potential buyer can invest more money into it than PaperlinX can. Australian Paper's Maryvale Mill (APM) is one of the largest employers in the Latrobe Valley, with more than 1000 staff. But Mr Shirer said APM employees should not be concerned about their jobs. He said the process was being undertaken to determine the value of Australian Paper.