Freshwater Tissue Co. said it has abandoned an offer to liquidate the Samoa pulp mill and is instead pursuing funding and permitting to reopen the closed plant by July 1.
Company President Bob Simpson informed the Humboldt Bay Municipal Water District this week that it would accept a counteroffer by the district to supply water to the mill for 10 years, with a five-year fixed-price agreement. Simpson also said that he has reached option agreements to buy wood chips -- the raw material in making pulp --from suppliers.
”We're pursuing funding to operate the mill,” Simpson said.
I am sure hopeful Bob is sucessful and is able to put hundreds of people to work!
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