Grays Harbor Paper Permanently Shuts Mill in Hoquiam, Washington

摘要

Grays Harbor Paper, LLC in early June permanently shutdown its mill in Hoquiam, Washington. Patrick Quigg, president of Grays Harbor Paper (GHP), explained that the continued high price of raw materials, lower than expected sales of high-value products, and accompanying cash flow considerations are the major factors contributing to the decision to shutdown. In addition, a recent major refinancing effort undertaken by GHP did not materialize.