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

Play Video

FLORENCE COUNTY - Driving through the Northwoods, you can see plenty of deer, cows, and horses… But bison? That's a little rarer.

Unless you travel to a ranch in Florence County, where the Rock family thinks they've tapped into a special and healthy food source.

Raising bison has always seemed normal to Michael Rock. His favorite is Badaxe, who is 25 years old.
"He became my baby and I feed him maple syrup and apples all the time, that's his favorite treat," said Michael.

But the Rock family knows their livestock are rare for these parts.

"We got into it for the health issues because now we know what we're eating," said David.
David started the business about 10 years ago. These days, the Rocks have around 130 bison on their Florence County ranch.

"For me this is enjoyment because I'm outside and I'm with my family. And I like to be outside and work with them on that," said David.

Two of the Rocks' four children live and work on the ranch.

"Being able to tell them what to do. I'm still the dad, so I rule the roost. They are a big help and they do have good ideas. You do have to watch the younger generation," said David.

Their daughter, Josie, and son, Michael, help with feeding and maintaining the herd.

"My favorite are the babies. The babies when they're younger, they like fighting and playing. And they'll just be running around and playing," said Josie.

But raising these animals isn't just about entertainment. In the 1800's, bison were almost killed off. Now, the Rocks hope to promote the animal's health benefits be carefully managing which ones go to be processed.

"Bison is about the only other meat out there that they can eat. It's healthier than chicken, it's healthier than salmon, pig, beef, anything. It's the top of the line," said Karen.

Raising an animal is a large project, one that Michael would like to do for a long time.

"I like bailing hay with the tractors, I like taking care of the animals. I have a future goal, to have big barns full of them," said Michael.

All of their meat is sent to the U. P. to a USDA approved facility and most of it stays local to the Midwest.

+ Read More

RHINELANDER - This year seems to be off to a good start for the housing market here in Wisconsin.

A new report shows the first half of 2016 was the strongest since before the Great Recession of 2008.

+ Read More

MADISON - Unemployment is down in nearly all Wisconsin cities and counties.

The state Department of Workforce Development reported Wednesday that unemployment rates decreased or remained the same in 29 of the state's 32 largest cities in June. The rates also went down or remained the same in all but four counties.

+ Read More

Play Video

WAUSAU - Wausau opened its doors to new students who traveled to study 7000 miles from home. Collaboration between multiple UW system schools, most notably UW Marathon County and UW Madison, and the Wausau School District created the Summer International Student Program for Chinese Students.

+ Read More

Play Video

LAC DU FLAMBEAU - You could find hard on display in Lac du Flambeau Wednesday. Children saw their picnic table creation installed in the area.

+ Read More

MADISON - House Speaker Paul Ryan won't be joining Republican vice presidential nominee Mike Pence at a Wisconsin rally.

Pence is slated to campaign Wednesday night in Ryan's home state. The rally in Waukesha is about 60 miles from Ryan's home in Janesville.

+ Read More

THREE LAKES - Research shows lakes with no shoreline development generally produce bigger, faster-growing fish. Lakes with heavily developed shorelines, full of homes, lawns, beaches, and docks, have the opposite effect.

Researchers at the UW-Madison Trout Lake Station in Boulder Junction want to know more about that dynamic.

+ Read More
+ More General News
Search: 




Click Here