Category: Local News
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David Tsang, chief executive officer of Evergreen Pulp, clarified rumors Friday regarding the pulp mill’s sale by its parent company, Lee and Man Paper Manufacturing.
The Chinese company that bought the Samoa pulp mill in 2005 has sold Evergreen Pulp, according to a Hong Kong Stock Exchange filing, but the CEO of Evergreen insists it is a refinancing move that will leave the plant in its hands.
Recent events at the Evergreen Pulp mill have rattled the nerves of vendors and employees who fear the company may be cutting their losses and getting out of town — a claim that its CEO categorically denied Thursday.
Category: Local News
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With the Evergreen Pulp mill expected to temporarily shut down this week, the economic fallout could reverberate throughout the local economy, depending on how long the mill’s doors remain closed.
The Evergreen Pulp mill in Samoa will shut down until markets rebound, the company announced Wednesday. The plant warned last week that it might close temporarily when it announced it would cut up to 15 percent of its union and salaried
The Evergreen Pulp mill announced Friday that it will lay off up to 15 percent of its workforce and possibly shut down the plant temporarily in response to market conditions.
The Evergreen Pulp mill will pay $463,000 to settle state water quality regulators’ complaints over its discharge into the Pacific Ocean. The mill discharges millions of gallons of wastewater daily into the ocean about 11/2 miles off the Samoa
