HACKENSACK, NJ, Jan. 17, 2014 (The Record) - The owner of the Marcal paper factory in Elmwood Park has postponed plans to build a power plant on its site and will instead upgrade its so-called deinking fiber mill, a $10 million to $12 million project, a company official said. -
Soundview Paper Holdings LLC, which bought Marcal Paper Mills in April 2012, can recoup the cost of the new deinking equipment and renovations within a year, Soundview Chief Executive Officer George Wurtz said. And the manufacturer, which makes products such as paper towels and toilet paper, can use its $25.4 million in state tax credits toward those improvements, Wurtz said.
Soundview, which plans to relight the landmark Marcal sign atop its factory on Route 80 in Elmwood Park later this month, last year solicited proposals from vendors to build a 20-megawatt cogeneration power plant on its property. The company was looking to reduce its power costs. At that time, Wurtz said the estimated cost for the cogeneration plant was $25 million.
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