Enron To Sell Idle N.J. Newsprint Mill

Posted Wednesday, August 28, 2002 12:00 am

By: James McLaren, special from ForestWeb (ForestWeb) Enron Corp. has an agreement to sell its bankrupt and idle northern New Jersey newsprint mill to Vancouver, B.C.-based Belkorp Industries.

The purchase price was reported to be $6.1 million. Belkorp did not return a phone inquiry placed yesterday.

The Garden State Paper mill in Garfield, N.J., was shut Dec. 7 affecting 270 workers. The two machine mill has capacity for 234,000 tons/year of 100% recycled newsprint.

For more information, visit ForestWeb.com.

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Enron To Sell Idle N.J. Newsprint Mill

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