Thursday, July 29, 2010

What to do when paper mills are no longer profitable--Make rayon!

My father found this article in the Globe and Mail yesterday: A town in Quebec is transforming their pulp wood plant over from paper to rayon using equipment purchased in Finland.

The strategy is the result of a forward thinking entrepreneur reports the Globe and Mail:

The man behind the strategy is Fortress chairman and chief executive officer Chadwick Wasilenkoff, a 38-year-old contrarian investor who seeks out opportunities in overlooked or depressed sectors, like the forest products industry.

“There isn’t enough dissolving pulp to feed the market demand for rayon,” Mr. Wasilenkoff said in an interview.

Maybe Berlin, New Hampshire, should consider rayon. I volunteer to shop for used machinery in Finland.

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