Dr. Luther Bruce (photo available)Finance and Business Strategy
For over 35 years, Luther Bruce broadened his knowledge through strategic career moves.
His background includes chemical and mechanical engineering, investment real estate development and orthodontic dentistry.
Luther earned his undergraduate engineering degree, followed by a D.D.S. and M.S. from the University of Michigan.In 1982, he formed Trinity Enterprises, providing strategic analysis, planning, marketing and consultation for business transactions throughout the U. S. Luther has purchased and successfully developed numerous commercial investment properties.He is experienced in business evaluation and financial structuring.
He's raised over $200 million dollars in letters of credit from class BBB or better institutions since 2005.
For the past four years, Luther, founder, has been involved in developing a $400 million recycling paper mill leading financial structuring development and evaluation, process systems, technical analysis, plant design and product marketing.In his role with BRITE Ventures, Luther serves as its chief financial architect and business strategist.
WMICentral - 2006: A year of contrasts, cooperation
Luther Bruce, Principal of Arizona Tissue Company, made that forecast in February at a Brown Bag Lunch, sponsored by the White Mountain Regional Development Corporation at Northland Pioneer Colleges Silver Campus.From the time the development agreement was proposed - including substantial property tax rebates - it was planned that the plant would be adjacent to the Abitibi Consolidated paper mill west of Snowflake.By May, Bruce had approached Holbrook Town Council to see if they would enter into a development agreement to put his proposed tissue plant in the citys industrial park.Bruce says that the company had changed its plan and was going to produce finished products at its facility and the land and utilities near Abitibi were insufficient.
WMICentral - White Mtn. Independent Home - 02/17/2006 - Signs indicate a tissue mill will come to the county
Luther Bruce, Principal of Arizona Tissue Company and President of Trinity Enterprises, makes a point at a Brown Bag Lunch sponsored by the White Mountain Regional Development Corporation in the Symposium Room at Northland Pioneer College's Silver Campus Feb. 15.Bruce spoke about a tissue plant proposed to be built near Abitibi Consolidated, west of Snowflake.
SNOWFLAKE , Construction is expected to begin on a proposed tissue plant in May with production starting by the third quarter of 2007.Luther Bruce, Principal of Arizona Tissue Company, made that forecast at a Brown Bag Lunch, sponsored by the White Mountain Regional Development Corporation at Northland Pioneer College's Silver Campus Feb. 15.Introducing Bruce, Board Chairman Charlie Hendrickson said, "WMRDC gets involved frequently to try to bring business into the county but most people hear about it after the fact.
Now we're taking time to present Luther Bruce and his son David."
Bruce, he said, had "nosed around Arizona" for a place to put a tissue plant when WMRDC contacted him about a year ago and invited him to come to the county because "we might have things they might not know about.We linked him with Abitibi Consolidated and that turned out to be a great fit."An engineer in the paper and pulp industry as well as a polymer chemist, Bruce had a varied career, Hendrickson said.
"David and I worked on this project for a number of years," Bruce said.
"Since the economic impact study was done, we did a feasibility study finished in December and sometime in the future we will be adding the converting plant to make the consumer product," Bruce said.The project will be divided into three parts, a de-inking plant for recycled paper; the tissue mill that will combine pulp from the de-inking plant and combine it with "market pulp" to make the parent rolls; and, finally, the conversion plant, which will make the four different types of tissue paper , bathroom tissue, facial tissue, napkins and paper towels.Bathroom tissue accounts for 45 percent of tissue products, towels 25 percent, napkins 12 percent and facial tissue 6 percent. The tissue plant will have an initial output of 200 to 250 tons per day, employing about 90 workers in the tissue plant and, later, 75 in the converting plant."The market is very important to a project like this," Bruce said.
After Bruce concluded his remarks, Hendrickson commented that WMRDC was involved but it was the county who really stepped up to bring the plant in.
Bruce said, "this is an aggressive project across the country but it's not fun to do a project where it's not wanted and you have to fight all the way.
"As of yesterday, we signed our side of the contract with an engineer firm," Bruce said.
Bruce was then asked if this area had the workers skilled in the process or if they would have to bring people in.He said they would bring in about one third of the operators from other parts of the country where mills are closing down."They have 10, 20, 30 years in the business and are highly skilled," Bruce said.
WMICentral - White Mtn. Independent Home - 02/03/2006 - Snowflake shows healthy budget balance
Luther D. Bruce of Trinity Enterprises Inc. of Paradise Valley and Fraley are still discussing the height requirements of 30, to 40, with industrial zoning, taking into account that the Abitibi plant is nearly 300 feet high.
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