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Wausau Paper cuts 4Q losses to around $2.5 millionSubmitted: 02/11/2013
Story By WJFW News Team


WAUSAU - Wausau Paper will keep investing in its tissue mills. Monday the company released its 2012 financial report to investors.

It says it narrowed its losses in the last quarter of last year, after it shut down its Brokaw mill. That move put 450 people out of work.

But the company says it lost just 2 and a half million dollars in the last three months of 2012, compared to almost 29 million in the same three months of 2011.

Wausau Paper said last month it intends to sell the last three mills it owns that don't make tissue.

They are the Rhinelander and Mosinee mills, and another in Brainerd, Minnesota.

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