Pulp & Paper News

UPM’s Madison Paper mill in Maine tax assessment lowered by $150 million to $80 million [From the web]

MADISON, ME , Aug. 12, 2014 (Kennebec Journal) - 

Citing a decline in the demand for paper across North America, a representative of the board of assessors said Monday that the value of Madison Paper Industries, the local paper mill, will be decreasing by about $150 million in the upcoming year.

The mill, which was assessed at $229.7 million in 2013 and makes up about 40 percent of the town's property tax base, will now be valued at $80 million.

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