Energy Costs Push Marcal Paper Into Chapter 11

Law360, New York (December 1, 2006, 12:00 AM EST) -- Marcal Paper Mills Inc., a major consumer and industrial goods company, has filed for Chapter 11 bankruptcy protection, blaming skyrocketing energy costs near its New Jersey manufacturing facility.

The privately held company has more than $165 million in assets and more than $200 million in liabilities, according to court papers filed Nov. 30 in the U.S. Bankruptcy Court for the District of New Jersey.

The cost of natural gas, electricity and steam used in Marcal’s production has risen 40% over the past year, according to an...
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