Clearwater Paper reports $2.3 million loss for 2014



This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

LEWISTON, Idaho (AP) — Officials with Clearwater Paper say the company lost $2.3 million in 2014.

Officials at Lewiston's largest employer tell the Lewiston Tribune (http://bit.ly/1KvpcTy) that it's the only time since the company was created in 2008 that it ended the year with a loss.

The company on Wednesday issued an earnings report that says the company lost $27 million in the last three months of 2014 after making $25 million earlier in the year.

Clearwater Paper President and CEO Linda K. Massman says competition in the consumer tissue division that includes items such as toilet paper accounted for much of the loss.

But she says the company is taking steps and expects its share of the U.S. tissue market to grow from 7.3 percent in 2014 to 8.1 percent this year.

___

Information from: Lewiston Tribune, http://www.lmtribune.com

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

The Associated Press

    SIGN UP FOR THE KSL.COM NEWSLETTER

    Catch up on the top news and features from KSL.com, sent weekly.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast