- Associated Press - Thursday, August 14, 2014

OLD TOWN, Maine (AP) - Old Town Fuel & Fiber says it’s suspending operations indefinitely and furloughing its workforce of about 200.

The company notified workers Wednesday evening. A statement said all workers except those needed for security were being sent home. It said that ownership will focus on “options to secure the long-term viability of the facility.”

The pulp mill blames foreign competition and high wood and energy costs.

The city of Old Town issued a statement thanking the owner of New York-based private equity firm Patriarch Partners for its efforts since buying the mill in 2008. It said the city will work to find a new buyer.


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