While it is true that the Flambeau River Papers have missed making state loan repayments since March 2012, Senator Bob Jauch said it is important to temper recent news reports by looking at a broader picture of the situation. Jauch said in an interview on Monday, that he has been assured by the company that the Flambeau River Papers will be resuming the payments to the Wisconsin Economic Development Corporation in January. He was also assured that the company remains financially stable and plans to continue to sustain and grow its presence in the paper industry. “It is important to note that the Flambeau River paper company has paid back 75 percent of the principal on one loan and 50% of the principal on the other two loans,” Jauch said. “Very clearly, the company is meeting its responsibilities.”
Thursday, November 1, 2012
Flambeau Paper Financially Sound
http://www.pricecountydaily.com/news/article_d6e0ec5a-2390-11e2-a1a5-0019bb2963f4.html
While it is true that the Flambeau River Papers have missed making state loan repayments since March 2012, Senator Bob Jauch said it is important to temper recent news reports by looking at a broader picture of the situation. Jauch said in an interview on Monday, that he has been assured by the company that the Flambeau River Papers will be resuming the payments to the Wisconsin Economic Development Corporation in January. He was also assured that the company remains financially stable and plans to continue to sustain and grow its presence in the paper industry. “It is important to note that the Flambeau River paper company has paid back 75 percent of the principal on one loan and 50% of the principal on the other two loans,” Jauch said. “Very clearly, the company is meeting its responsibilities.”
While it is true that the Flambeau River Papers have missed making state loan repayments since March 2012, Senator Bob Jauch said it is important to temper recent news reports by looking at a broader picture of the situation. Jauch said in an interview on Monday, that he has been assured by the company that the Flambeau River Papers will be resuming the payments to the Wisconsin Economic Development Corporation in January. He was also assured that the company remains financially stable and plans to continue to sustain and grow its presence in the paper industry. “It is important to note that the Flambeau River paper company has paid back 75 percent of the principal on one loan and 50% of the principal on the other two loans,” Jauch said. “Very clearly, the company is meeting its responsibilities.”
