The fate of K Ply Inc’s shuttered plywood mill in Port Angeles, Washington, remained unclear after a former employee presented a business plan to reopen the mill, reports the Peninsula Daily News
On September 19 Josh Renshaw presented his business plan to commissioners of the Port of Port Angeles, which owns the property. He then had to wait for a decision on whether the port would file for a default judgment to allow it to seize the 67-year-old mill, which current owners Klukwan Inc of Alaska closed permanently on April 28, laying off 132 employers.
Renshaw, who is backed by a group of four unidentified Port Angeles business investors, hopes to put 172 people to work producing 5 million ft2 of plywood per month. He said the mill needs to produce about half that amount to break even.
