Loading
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
What We're Working OnSubmitted: 09/30/2016

- Tonight on Newswatch 12:

Several ash trees in Rhinelander have become infected with the emerald ash borer and will need to come down. Tonight we'll show you what signs to look for to keep an ash tree on your property from being infected.

You'll hear from inmates at the McNaughton Correctional Center on what it's like making the transition from being in prison to going back into the community.

Plus, tonight on Friday Night Blitz we'll bring you scores from high school games all across North Central Wisconsin as well as highlights from the following games:

Houghton vs. Northland Pines

Antigo vs. Lakeland

Medford vs. Rhinelander

Florence vs. Three Lakes/Phelps

Rib Lake/Prentice vs. Tomahawk

That will be tonight on Friday Night Blitz at the end of Newswatch 12 at 10.

We'll bring you the details on these stories and more tonight on Newswatch 12 - news from where you live.

+ Read More

RHINELANDER - Almost 12,000 people took a trip into history this year. But you only have one more day to check out the Pioneer Park Historical Complex in Rhinelander. The museum closes for the season Saturday.

Complex Director Aprelle Rawski calls it a place to not only see the history of logging, but also the history of Rhinelander.

"We get so many people who come in and see, pictures of their relatives, or 'Oh my gosh, my uncle donated that and he's been gone for 30 years.' It's really nice," said Rawski.

+ Read More

Play Video

RHINELANDER - Lifting brand-new bikes out of the basement to see the light of day for the first time, Gene Welhoefer couldn't wait to put them to use.

"We'd love to wear the tires out in year one," Welhoefer said.

The Three Lakes principal loaded bike after bike--29 on this trip--into a trailer parked outside of Mel's Trading Post in Rhinelander Thursday afternoon.  The school district purchased 63 bikes to promote healthy habits in Three Lakes students.

"Get outside, breathe some fresh air, soak in some sunshine, take a little ride," Welhoefer said.

+ Read More

MERRILL - The debate in Merrill over what's junk and what's historic treasure may not end anytime soon.

It appears Merrill won't punish two of its workers for taking items from a now-demolished building on the Lincoln County Fair Grounds.

+ Read More

GREEN BAY - The Green Bay Packers have doubled down on their reputation for playing on the frozen tundra, unveiling more details for their Titletown District that include a winter tubing hill and a skating rink.

The team announced Thursday that the district will also include a football-themed playground and full-sized football field with an artificial surface.

+ Read More

MILWAUKEE - A jury has convicted a Milwaukee man of first-degree reckless homicide in the fatal shooting of a 5-year-old girl.

+ Read More

Play Video

WOODRUFF - The odds of catching someone who poached a deer remain pretty low unless someone saw or heard it happen. Luckily for law enforcement, that's what happened in Woodruff and Minocqua last week.

+ Read More
+ More General News
Search: 




Click Here