(International Falls Mill - Photo Courtesy Boise Inc.)Boise Inc., owners of the International Falls mill, is reporting net income of $51 million in the second quarter of this year.
That compares with a net loss of $18 million during the same period in 2008.
President Alexander Toeldte says demands for their products held up well despite a sluggish economy.
"Our core businesses delivered solid earnings and cash flow during second quarter 2009 as
demand for our office papers, label and release papers, and agricultural-based packaging products held up well despite the sluggish economy," says Toeldte. "We reduced working capital and ended the quarter with a much strengthened liquidity position."
demand for our office papers, label and release papers, and agricultural-based packaging products held up well despite the sluggish economy," says Toeldte. "We reduced working capital and ended the quarter with a much strengthened liquidity position."
The company also benefited from the receipt of nearly $59 million in alternative fuel mixture credits.
