Off-Topic: Got it this time
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Name:
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MartiniMan
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Subject:
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Got it this time
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Date:
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3/22/2016 7:57:51 PM
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I agree with you that this is stupid. Back in the 1990s we did a number of mill closure projects for our pulp and paper clients. They were all excited because the Chinese bought their paper machines and paid way more than scrap prices. Note that a new paper machine costs around $100M. Fast forward ten years and they were complaining about the Chinese dumping cheap paper on the U.S. Market. All subsequent mill closure projects we worked on the cut the paper machines up and sold them for scrap. Duh!
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