January 11, 1990 |
Champion International Corp. will temporarily close its Roseburg plywood plant Friday for at least two to four weeks due to market conditions, officials said. The 400 employees of the company's only Oregon facility were notified of the closing this week, said Tucker Hill, a Western regional spokesman for Champion in Missoula, Mont. "The price of logs has been going up substantially more than the increase in the price of products, so the gap is widening," Hill said.
April 26, 2000 |
International Paper Co., the world's leading paper maker, is bidding $6.2 billion in cash and stock to acquire rival Champion International Corp., hoping to unseat a competing offer from Finnish paper company UPM-Kymmene. Champion, based in Stamford, Conn., had agreed in February to be acquired by the giant European forestry company, but a subsequent 20% slide in UPM's share price caused the value of UPM's all-stock offer to slip from $6.6 billion when it was announced to about $5 billion.
July 12, 1996 |
Georgia-Pacific Corp., Louisiana-Pacific Corp., Champion International Corp. and Potlatch Corp. reported lower second-quarter profits Thursday, as paper prices dropped from the exceptionally strong year-ago quarter. All but Louisiana-Pacific were able to beat Wall Street earnings estimates, though. Thursday's earnings, along with International Paper Co.'
October 9, 1997 |
Champion International Corp. on Wednesday said it plans to cut 2,000 jobs and sell its newsprint, paper recycling and other businesses along with 325,000 acres of Northeast timberland to reverse sagging profits. The Stamford, Conn.-based company said it will focus on producing more expensive paper products, including magazine and catalog stock and paper for copy machines, spokeswoman Gael Doar said. In New York Stock Exchange trading, Champion shares closed down 50 cents at $64 per share.
April 5, 1989
The Tennessee Health Department warned the public against eating fish from the polluted Pigeon River, saying they are poisoned by cancer-causing dioxins from a paper mill in the Smoky Mountains. The health department said tests show high dioxin levels in fish caught in the river, which flows past the Champion International mill at Canton, N.C., and into Tennessee. Gov.
December 10, 1998 |
A conservation group struck a $76.2-million deal with a paper company to buy 296,000 acres of forest and wilderness that stretch across three Northeast states. The Conservation Fund called it the "largest public-private, multi-state partnership in U.S. history." The deal, announced Wednesday, had been in discussions for a year. The land in northern Vermont, New Hampshire and New York was sold by the Champion International paper company. It includes rich forests, mountains and untouched rivers.