Friday, May 3, 2013

Great Northern Cash Flow Problems

Cash flow problems at an East Millinocket paper mill have left the business's owners months behind in some of their payments to vendors, officials said Wednesday.
But a company official said that Cate Street Capital and its subsidiaries, Great Northern Paper Co. and Thermogen Industries, are hoping pending emergency legislation can help them secure about $15 million in state tax credits over eight years for one of their projects.