"Pershing Square now faces paper losses amounting to roughly $350 million on its $1 billion bet, according to people familiar with the matter," The Wall Street Journal reports.
Caraustar also said Georgia-Pacific had indicated that it expected a further reduction in its purchase of gypsum facing paper from Caraustar.
Georgia-Pacific, the second-largest North American paper and lumber company, told Caraustar that the contract did not include certain grades of gypsum facing paper that it would make itself.
Caraustar Industries Inc., a maker of recycled paperboard and packaging products, said yesterday that it would close its mill in Camden, N.J., because of a contract dispute with its largest customer for gypsum board facing paper.
It has been translated to 29 languages and can be completed using a range of media including face to face, paper and pencil, and internet or mobile versions.
Do not pull on or stretch the facing paper as you staple the batts.
One is faced with paper work, endless cutbacks, few resources for some, long hours, little to no guidance, hierarchical pressure, deadlines and on and on.
The problems faced by papers appear far more intractable than anything Thompson had to deal with at the BBC.
"There is unfortunately no single solution for the problems the housing market faces," the paper concludes.
What is the most frequent problem you face concerning paper? A. Acid.
