The government of Manitoba has approved a regulation at the request of both Tolko Industries and a potential purchaser of the kraft paper mill in The Pas, Premier Brian Palliser said on Friday (Oct. 14). Tolko Industries, the largest employer in The Pas, announced in August that it would be closing the mill in early December, putting 332 people out of work. Earlier this month, sources told CBC that New York-based American Industrial Acquisition Corporation was looking at buying the plant. The regulation announced will allow the company to defer contributions to the pension reserve fund for three years. The change should help facilitate the sale of the mill, said Pallister. click Read More below for more of the story
Canfor Pulp Products Inc. (TSX:CFX) is announcing the curtailment of Prince George Pulp and Paper and Intercontinental Pulp for approximately four weeks starting July 6, 2020.
“We have made the difficult decision to temporarily curtail Prince George Pulp and Paper and Intercontinental Pulp due to the major global economic impacts of the COVID-19 pandemic and the shortage of economically viable fibre in the region,” said Canfor Pulp’s Chief Executive Officer Don Kayne.
The curtailment will reduce Canfor Pulp’s production output by approximately 38,000 tonnes of market kraft pulp and 12,000 tonnes of kraft paper.
Canfor Pulp has three Northern Bleached Softwood Kraft (NBSK) pulp mills, one Bleached Chemi-Thermo Mechanical Pulp (BCTMP) mill, and one kraft paper mill in BC.