Despite
a 115.5 percent decrease in net earnings during the second quarter, NewPage
Holding Inc. officials say a recent ruling from a Wisconsin agency means the
papermaker will be able to invest $20 million into its mills.
A
confirmation from the state Department of Natural Resources means the
Ohio-based company has the financial strength to meet its obligations for any
landfill closures without having to post collateral, said Amber Best, vice
president of corporate communications for NewPage, following the company's
Friday release of its second-quarter financial results.Based in Miamisburg, Ohio, NewPage employs about 1,700 people at mills in Wisconsin Rapids, Biron and Stevens Point and its research and development headquarters in Biron.
