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In a move that represents one of the final hurdles in the development of a New York City recycled newsprint mill, Bronx Paper Mill LLC has obtained significant expressions of interest for equity commitments, sufficient to proceed to a financial closing scheduled for late this year.
The state-of-the-art paper mill will have a huge Valmet paper machine, to be North America's largest, producing 330,000 annual tons of highquality newsprint from 100% recycled fiber. The $620 million undertaking is one of the largest industrial projects in New York City's recent history, and when completed...