Freshwater Tissue shuts Samoa pulp mill permanently
Sep 29, 2010. The owners of the Samoa Pulp mill have abandoned plans to restart the plant. Freshwater Tissue Co. President Bob Simpson said that it has proven impossible to obtain loans to restart the mill. Two groups are interested in buying the mill's boiler, Simpson said, but there is no firm date for when that sale might take place.
Sep 29, 2010. /Lesprom Network/. The owners of the Samoa Pulp mill have abandoned plans to restart the plant, as The Times-Standard reported.
Freshwater Tissue Co. President Bob Simpson said that it has proven impossible to obtain loans to restart the mill. Two groups are interested in buying the mill's boiler, Simpson said, but there is no firm date for when that sale might take place.
Simpson said he could not offer any plans for the future of the facility or the 156-acre property it sits on.
Freshwater bought the mill in February 2009, about three months after former owner Evergreen Pulp Inc. shut down the operation, laying off more than 200 workers.
Freshwater initially looked to perform a major overhaul of the plant by converting it to a pulp and tissue manufacturing facility, but those plans fell through. So did efforts to find financing to restart the mill as a chlorine-free pulp producer.
Simpson said that FDIC regulations make it impossible for banks to finance such start-up projects.