Fraser Papers Files for Bankruptcy Protection
Blake Hutchison, Director of Purchasing
Fraser Papers Files for Bankruptcy Protection.
Fraser Papers, which operates two paper mills and two pulp mills, produces mostly uncoated publishing grades, although they do manufacture some coated groundwood products. Annually, they produce 410,000 tons of paper and 615,000 tons of pulp. The company claims that, at least initially, their operating plans remain unchanged, and that they will continue to manufacture specialty paper products for existing clients. How long that continues to be the case depends on how much cash they can generate to continue operations and how many orders they continue to receive.
This is the second North American mill to file for protection this year, click here to see the first. A continuing trend? Doubtful. But, if Fraser fails to generate enough cash to keep paper operations going, it will force many of their clients to seek paper elsewhere, and that could tighten the market up.
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