Each issue of PaperMoney is approximately 500 fact filled pages.
Logout
Click here for Pulp & Paper Radio International
The Paperitalo Library
Free Downloads
Search
My Profile
Login
Management Side
Columbia Pulp Receives $20 Million in New Funding
Print

Starbuck, Washington, USA 14 March 2018 -- (From news reports) -- The Columbia Pulp mill project has obtained additional financing to help with startup of the northern Columbia County plant, which will turn waste straw into pulp for papermaking.

Columbia Pulp I LLC has received $20 million in New Markets Tax Credit financing from CEI Capital Management LLC, company officials announced today.

The New Markets Tax Credit Program provides incentives for community development and economic growth through the use of tax credits that attract private investment to distressed communities, according to the Department of Treasury website.

The money will be directed toward construction of part of the pulp plant producing a co-product to be sold for use in soil and dust abatement and industrial applications.

In a release, Michele McCarthy, Columbia Pulp chief financial officer, said developing the next-generation pulp mill "would not have been possible without the New Markets program filling a gap in our financing."

Construction of the 290,000-square-foot facility near Starbuck began last summer. The $184 million project is expected to create approximately 87 new, full-time jobs. In addition, construction of the plant will employ about 120 workers on the site.

John Begley, Columbia Pulp chief executive officer, said today that while "winter hasn't been as kind to us as we would have liked" the project remains on schedule to open this fall. He said the company has started hiring management staff and will probably begin hiring the bulk of the labor force this summer.

Financing for the project, a lack of which had prevented construction for years, was secured last summer when solid-waste bonds were offered by Goldman, Sachs & Co. of New York. Columbia Ventures Corporation of Vancouver, Wash., agreed to be the lead private investor, with $36 million in equity financing.

The mill was granted its building permit from the county in June 2016, and $134 million in tax-exempt municipal solid-waste bonds from the Washington Economic Development Finance Authority was authorized in 2015.

The plant is being built by Pacific Civil & Infrastructure of Federal Way, Wash. When in operation, it will convert tons of wheat and seed-alfalfa straw from surrounding farms into pulp for paper products using a proprietary process developed by Sustainable Fibers Technology.

****

EMPLOYMENT OPPORTUNITIES:

A family owned and operated corrugated packaging solutions company in Illinois is looking for an experienced Maintenance Technician to maintain production and quality by ensuring operation of machinery and mechanical equipment. Relocation and other perks are available to the right candidate who is committed to working third shift. If you are interested or would like more information, please contact Jim Thompson at: jthompson@taii.com Ph. 678-206-6010 Cell: 404-822-3412.

Are you an experienced Maintenance Mechanic and would like to work for a family owned and operated corrugated packaging solutions company that invests in the best equipment and technology? If you are interested or would like more information, please contact Jim Thompson at: jthompson@taii.com Ph. 678-206-6010 Cell: 404-822-3412.

A leading company in the corrugated solutions packaging business is looking for a experienced Electrician. The right candidate will possess the following skills: electrical; hydraulic; automatic drives (basic component machines 122 to 440 bolts). If you are interested or would like more information, please contact Jim Thompson at: jthompson@taii.com Ph. 678-206-6010 Cell: 404-822-3412.

* An expanding company is looking for a Corporate Industrial Electro-Mechanical Engineer near Allentown, PA. Relocation is available. Do you have a storied list of unique electrical and mechanical engineering skills you're ready to take to the next level? Do you envision yourself in a corporate-level leadership role that your experience finally merits? And do you relish any opportunity to troubleshoot and solve real-time problems, all while designing and installing new services and systems that will not only ensure safety, but also turn a potentially hazardous work environment into a continuously thriving one? If you are interested or would like more information, please contact Jim Thompson at: jthompson@taii.com Ph. 678-206-6010 Cell: 404-822-3412.

* An expanding company is looking for hands-on Electro Mechanical Maintenance Techs in Conyers, Georgia. Preference will be given to candidates with higher education and additional certificates or training. You must be able to work any shift. Pay is negotiable with excellent perks and benefits. Relocation assistance is available to the right candidate. If you are interested or would like more information, please contact Jim Thompson at: jthompson@taii.com Ph. 678-206-6010 Cell: 404-822-3412.

* Working as a Consultant? Looking for some additional challenges with a flexible scheduling? Have a background in Consistency Control? This may be just the opportunity you are looking for: A large multi-national automation company seeks an expert in paper mill consistency technology. This individual will facilitate application support and start-ups in the paper mill environment. In addition, the ability to provide troubleshooting and technical advice and support is strongly desired. The individual should have an understanding of rotary, blade, microwave and optical consistency and the application of these devices in the paper mill. The company sells and maintains a line of consistency transmitters, sample valves and sheet break detectors. These products are marketed in the US through a rep. network. Knowledge of sheet break detection technology is also desirable. Individual must be willing to travel to paper production facilities across the US. Travel & Living Expenses to be reimbursed along with an agreed upon daily per diem rate. For more information, please contact Jim Thompson at: jthompson@taii.com Ph. 678-206-6010 Cell: 404-822-3412.

****

Jim Thompson is back again...with a new book on a taboo subject: the personalities in the pulp & paper industry. Jim has written in the past on many subjects based on his four plus decades in the worldwide pulp and paper industry. This new book is packed full of information valuable to the senior member of the industry as well as the recent entrant. A must for every pulp and paper library.



Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: