Loading

65°F

67°F

64°F

64°F

67°F

64°F

68°F

65°F

63°F

68°F

64°F

69°F
Search
NEWS STORIES

Wausau Paper Loses Money in First QuarterSubmitted: 04/30/2013

Lane Kimble
Managing Editor/Anchor
lkimble@wjfw.com


RHINELANDER - Wausau Paper lost money in the first quarter of 2013.

But the company doesn't see it as a negative trend.

The paper company reported a net loss of $1.7 million dollars.

That compares with earnings of $4.8 million in the first quarter last year.

Those losses reflect some of the major changes Wausau Paper is making.

The company announced plans in March to close its Brainerd, Minnesota mill.

It also sold the Rhinelander and Mosinee mills to a New York-based investment firm.

The losses also cover the costs of a $220 million plant expansion in Kentucky dedicated to specialty tissue.

The agreement to sell the Rhinelander and Mosinee mills isn't complete just yet.

That could happen sometime this summer.


Text Size: + Increase | Decrease -
Print Story | Email Story
Sponsored in part by HodagSports.com





 IN OTHER NEWS

RHINELANDER - Nicolet College wants to help people get the most out of their digital photography endeavors during the short-lived fall season in the Northwoods.

+ Read More

RHINELANDER - A Rhinelander man faces charges for firing a gun while drunk in downtown Rhinelander early Saturday morning.

+ Read More

RHINELANDER - A Northwoods woman wants to make sure every child has a good book to read.

That desire led Pauline Douchette to start Food for the Mind 10 years ago.

The program gives out children's books at local food pantries, including the one's in Rhinelander, Tomahawk, and Antigo.

+ Read More

MARATHON COUNTY - The search for a man on the run in Marathon County ended with the suspect shooting himself.

Marathon County Deputies were looking for someone wanted in Clark County after a gun was fired.

+ Read More

Play Video

WAUSAU -

Mornings and afternoons, nine months a year, dozens of Bowen's buses roll in and out of the Rhinelander depot.  The buses deliver nearly 2,000 children to school and home safely.

Dispatch and office manager Kim Weyers knows it takes work to make sure the family-owned company's buses always run that way.


+ Read More

THREE LAKES - A best-selling author uses the Northwoods as inspiration for her writing. The area will also get some focus in one of her next pieces.

Mary Pat Kelly uses historical fiction to research her ancestors and tell a good story.

She spoke to an audience in Three Lakes Wednesday night about her past work.

+ Read More

WAUSAU - A Marathon County inmate ran away Wednesday.

The sheriff's office says Matthew Hornung was headed to an off-site meeting when he cut off his GPS monitor and disappeared.



+ Read More
+ More General News
Search: 




Click Here