Tag Archive for Cosmo Specialty Fibers

Montesano, other cities, looking to recoup lost levy dollars

MONTESANO, Wash. – The Montesano city council tonight will discuss a new levy, this one already has your approval. Signed into law this summer, Substitute Senate Bill 5705 allows a taxing district the authority to recover portions of their levy that were reduced over the previous 12 months.
Monty Cobb, Policy Director with the Washington Association of County Officials explained earlier this year “What it boiled down to be is if Monty pays his taxes, and on April second I win my appeal and my taxes get reduced. The treasurer will refund a portion of my taxes, and what a local taxing district would have got from me they can add back on to their levy and be made whole the next year.” Cobb said that due to the wording of the law, if you hadn’t paid those taxes before they were modified, the taxing districts would lose out on the difference.
In Cosmopolis, Finance Director Kathy Welch said three separate levies are worth about $40-thousand more, thanks to a change in the value of Cosmo Specialty Fibers “It used to be that you were just ‘out’ and you couldn’t go back for those taxes.
Welch said countywide there is about $500-thousand that could be recovered, however the decision will be up to each taxing authority.
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Cosmo Specialty Fibers Celebrates Three-Year Anniversary

Since production started in May 2011, Cosmo Specialty Fibers has driven down the operating cost per ton by over 50%, reduced its use of fossil fuel to less than 5% and made substantial sales inroads into the higher-margin specialty pulps. “The last few months have positioned us well as we have partnered with Central National-Gottesman Inc. (CNG), which provided us with excellent worldwide sales and logistics, attained PEFC/SFI fiber chain-of-custody certification and achieved record production and cost per ton performance,” added Entz.

Entz went on to say that Cosmo Specialty Fibers is completing acetate and specialty pulp qualifications with several customers in the next few months, and is also evaluating the potential development of biochemicals from residual streams. “Developing biochemicals and fuels from residual process streams is now a necessary practice in our industry,” said Entz. “We unload our treatment system by diverting residual streams into these new product processes and reduce the effects of pulp market volatility, both of which enhance our financial position.”

Warren Pullen, CNG’s Senior Vice President, Global Pulp Group, added, “Anyone who has the opportunity to visit Cosmo will be impressed by its unique culture and capabilities, outstanding management team and truly dedicated workforce. Mike and his team have instilled a relentless focus on serving customers, producing the finest-quality dissolving pulp and driving down production costs. These actions are well supported by The Gores Group. It is a real privilege for us to be a part of what has been created at Cosmo.”

Tim Meyer, Managing Director of The Gores Group and Chairman of the Board of Cosmo Specialty Fibers added, “The Gores Group recognizes the significant efforts and achievements of the management team which has positioned Cosmo to compete successfully for specialty grade opportunities, particularly acetate. We are committed to Cosmo’s success and its long-term growth and market potential.”

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Cosmo Specialty Fibers Awarded PEFC Chain-of-Custody Certification

Chain-of-custody certification is critical to customers of Cosmo Specialty Fibers in a number of current and potential markets. This process follows wood fiber from forest, to harvesting, transport, processing and production – right through to the customer. It is an inventory control procedure to allow CSF to track fiber in order to be assured that it is from forests audited and certified by a third party to be sustainably managed – meaning the forest is ecologically, socially and economically sustainable.
PEFC originated in Europe and has gained worldwide acceptance from recognized certification systems including the Sustainable Forestry Initiative (SFI), American Tree Farm System (ATFS), and the Canadian Standards Association (CSA). PEFC has achieved compatibility between these independent forest certification systems, and has implemented that umbrella approach worldwide.

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