Paper mill closing will leave 208 jobless

"MILLINOCKET - Katahdin Paper Co. LLC says it's closing its Millinocket paper mill, putting about 208 people out of work.

Fraser Paper, which operates Katahdin's mills, cited high energy prices Thursday for the indefinite closure of the Millinocket mill effective on July 29.

Fraser CEO Peter Gordon says fuel costs have doubled over the past 12 months. Last year, the Millinocket mill consumed more than 400,000 barrels of oil.

Paper produced at the Millinocket mill is used in the magazine, catalog and retail-insert industries. Katahdin's East Millinocket mill, which produces paper used in telephone directories, is not affected."

- MaineToday.com