Port of Grays Harbor looks to buy NewWood facility from receivership
ELMA, Wash. – A sale of the mothballed NewWood facility at the Satsop Business Park could be on the horizon again, this time with a lot more public money involved. Exact details will be discussed at a public meeting 9 o’clock Tuesday morning at the Port Commissioners’ meeting room in Aberdeen.
Manager at the Satsop Business Park Alissa Shay tells us “On Tuesday we will be recommending to the Port commissioners that the Port of Grays Harbor purchase the assets of the New Wood Corporation from the receiver, we are also proposing that we sign a letter of intent with a company to operate the facility.”
The building turns wood waste and recycled plastic into a composite wood, and has yet to see a fruitful market despite efforts by Office Max, Boise Cascade and the previous owners, at full steam the mill employs as many as 150. Shay said it’s all a bit complicated and will be explained in detail at the special meeting.
The Montesano Vidette has a full article available for subscribers on their website, or check next week’s edition with an update from the meeting.