Woodworking Industry News

Woodworking Industry News

Biomass company files for bankruptcy

Stored Solar LLC, a  West Enfield, Me.-based company that owns two biomass electricity plants in Maine and several others in New England, has filed for bankruptcy while owing money to several companies and after receiving a $13 million bailout by Maine lawmakers. According to news reports, the company that had access to millions in state subsidies to help it stay afloat owes $17.8 million to creditors including an energy market investor, the states of Maine and New Hampshire, and Maine loggers.

Woodworking Industry News

Saint-Gobain cuts ribbon on manufacturing site in Ohio

Saint-Gobain held a ribbon-cutting ceremony to celebrate the opening of its new state-of-the-art CertainTeed Architectural facility in Strongsville, Ohio, where it will manufacture specialty wood ceilings systems. The relocation from its former plant in nearby Lakewood, Ohio, to this new location has more than doubled the facility’s manufacturing footprint and will create 38 jobs in Northern Ohio.