AbitibiBowater wants to sell its mill in Lufkin, TX

Sep 24, 2009 | In Mill Sales/Transfers | 9 feedbacks »

AbitibiBowaterAbitibiBowater wants to sell its plant in Lufkin, Texas that was permanently idled in December 2007.

AbitibiBowater is seeking court approval to sell the mill to CIT Partners LLC. The plant consists of 895.5 acres of land, including 150 acres of landfill and 100 acres of ponds and marsh.

If the sale is approved, AbitibiBowater would save about $250,000 a month, or $3 million a year, that it spends on maintaining the facility. The sale also would protect the company from “any potential environmental liability that may arise” associated with the property.

Source:
AbitibiBowater Wants to Sell Plant for $20.5 Million (Bloomberg)

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Comment from: crapjack [Member]
Who cares about Lufkin it's been shut down since the "meeting of equals" the great business decision by Blowater to merge with Abishiti!

Sell Thunder Bay Mr.Patterson and give them and the community an out of the mess you have created!
25/09/09 @ 13:58
Comment from: disgruntled [Member] Email
crap, Lufkin was owned by Donahue who bought it from Champion. It was never owned by Bowater. It cost Donahgue 365 million, along with its sister mill in Sheldon texas. They also spent 4 million on buying and transporting calender stacks from Fletcher(now Catalyst) in an attempt to make value added grdae SNC. Never got off the ground. Abi bought Donahue(who always made money), and in a political battle Weaver and his gang ousted more qualified CEO Michelle Diesbiens and Gaston Buffard. If old Weaver was good at one thing, it was inner office political maneauvering.
25/09/09 @ 20:04
Comment from: crapjack [Member]
I know Lufkin was an Abitibi asset and was closed as part of the merger deal.
25/09/09 @ 23:26
Comment from: doctorblade [Member] Email
Throwing out a few questions....

Don't most of you Abi-bow newsprint workers in TBay just want to know your pensions are there when you turn 55-57,you get your severance,wind-up and holiday $$ is paid out and that you can move on with your lives and "THEN" really don't care if they ever start those paper-machines up again?

How many of the bloggers here are too close to retirement to look elsewhere for other employment?

What's your main reason for "hanging on" to ABH?(If you know the $$ will be there when all is said and done.)

Hope all of you get what you deserve $$ wise and can accept the possibility that the TBay mill may never start those paper-machines up in a timely manner.

25/09/09 @ 23:47
Comment from: disgruntled [Member] Email
Crap, the Lufkin closing has nothing to do with the merger. Donahue has alreday idled it in their hopes to move away frm newsprint into soft nip calndered grades. Lufkin and Sheldon were high cost old clunkers, single wire fordreinere machines. JUNK. They were going to be mothballed no matter who owned them,,unless the mysterious "looking for a buyer" actually existed and would buy the lemon.
26/09/09 @ 10:26
Comment from: disgruntled [Member] Email
Crap, no offence , but you strike me as uneducated and or ignorant.
26/09/09 @ 10:27
Comment from: just another member [Member] Email
what an oxy moron ..hes a mill worker..of course hes uneducated...
26/09/09 @ 17:40
Comment from: face it, its over [Member] Email
Ouch, that one stung. At least we have grade 12. Did manage to score that from Westgate before selling our souls to good old "G.L.P."
26/09/09 @ 17:46
Comment from: just another member [Member] Email
that ole saying...go west young man go west
26/09/09 @ 19:21

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