MOSINEE, WI—Wausau Paper is trying to determine the next move for its division that manufactures paper for writing and printed publications. The floundering division is being reviewed by Wausau, and options could include a sale, the Milwaukee Journal Sentinel reported.
Wausau Paper Corp., which has struggled to restructure the division that makes paper for printed publications and writing, announced Monday that it is reviewing a range of options for the division, including a sale. Wausau Paper made the announcement as it reported a sharp drop in sales and earnings in the quarter ended Sept. 30.
“The company is working with its financial adviser in continuing to evaluate a range of alternatives for the print and color business,” Wausau said in a statement. “The results of that evaluation of alternatives are uncertain at this time.”
Net income dipped nearly 61 percent
Wausau Paper’s mill in Brokaw (WI) has been a major local employer for more than a century. A company memo obtained by the Wausau Daily Herald revealed that the Brokaw mill has been losing money for almost a decade, even as the company has taken steps to cut costs there.
To be sure, part of what is happening is that the market for paper is changing. But there also are concrete changes to public policy that could help to ease the way for Wisconsin’s paper mills, and leaders at all levels of government should be working hard at putting them
Printing Impressions' Commercial Printing Supplier News for April 2009
Wausau Paper has announced the opening of a new Midwest Printing & Writing distribution hub in Bedford Park, IL, centralizing the company's Appleton and Brokaw, Wisconsin distribution activities to this location. The new facility, which will begin operations in June 2009, will allow for closer proximity of products to key markets within the Midwest, enabling customers improved inventory effectiveness, later offerings for order cut off times and an overall enhanced service profile.
Printing Impressions’ Commercial Printing Supplier News for December, 2008.
Kevin Joyce, chief marketing officer of Kodak’s Graphic Communications Group, is now a member of The Print Council’s Executive Committee. The Print Council is a business development alliance dedicated to promoting the greater use of print media. manroland Canada has named Michael Mugavero as its new vice president of sales. Based out of manroland Canada headquarters in Vaughn, Ontario, Mugavero is now responsible for managing direct sales for sheetfed presses and assisting with sales on the web end of the business, in addition to maintaining his responsibilities for Eastern U.S. sales. At G.F. Puhl, Greg Bumb has been tapped as the new
MOSINEE, WI—The board of directors at Wausau Paper approved a $15 million capital investment that will optimize fiber handling and stock blending systems at its Brokaw, WI, mill. An automated pulp bale handling system is expected to be operational by the end of 2008, with the balance of the system scheduled for startup in the…
Kodak’s Graphic Communications Group has made a contribution of $85,000 to the New Orleans Area Habitat for Humanity (NOAHH). The contribution provides funding to build a house in an area that was devastated by Hurricane Katrina. Kodak employees and customers were invited to volunteer to help build the new home. Wausau Paper has opened a new East Coast distribution center in Allentown, PA, enabling it to offer overnight and same day delivery service to a geographically broader group of customers across the region. As a result of its acquisition of Stora Enso North America, NewPage Corp. has taken steps to restructure and streamline
INDUSTRY NEWS ‘The Green Media Show’ BOSTON—A “green” conference and expo called “SustainCommWorld—The Green Media Show,” which focuses on all aspects of media and to how to convert production into sustainable workflows, will debut October 1-2, 2008, at the Marriott Copley Square Hotel here. SustainCommWorld LLC, headquartered in Mercer Island, WA, was launched by veteran graphic arts and trade show professionals to provide a forum for companies that design, print and distribute digital and printed information to find solutions to sustainability issues. The conference and expo will focus on topics including increased brand equity, business risk reduction, supply chain activity, carbon footprinting and sustainability reporting. It will
