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Aug 6, 2007

Danalakshmi paper mills bought Glatfelter's machine

Yanavitch said Glatfelter sold two of its paper machines to companies in India: one to Danalakshmi Paper Mills Ltd. of Coimbatore and one to BVR Paper Industries of Hyderabad.The machines were dismantled and shipped to India for reassembly.Yanavitch said the other paper machine was sold for parts and scrap.Glatfelter's wastewater treatment plant, which was on land leased by the city, likewise was scrapped. Yanavitch said cleanup on the site should be completed within several weeks."We are trying to make it more conducive for potential sale," he said.The Glatfelter site consists of nearly 18 acres, but Glatfelter owns only seven acres south of the Canadian National Railway Co. railroad tracks.The balance of the land, including a majority of the waterfront, is owned by the city and leased to Glatfelter or the Fox Valley Energy Center (formerly Minergy Corp.).

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