JANUARY–DECEMBER 2020 (1–12/2019) *Sales were EUR 5,055 million (5,473). *Operating result was EUR 376 million (374). The comparable operating result was EUR 368 million (495). *The result before taxes was EUR 330 million (316). The comparable result before taxes was EUR 322 million (436). *Comparable return on capital employed was 7.1% (9.6). *Net cash flow from operations was EUR 667 million (485). OCTOBER–DECEMBER 2020 (10–12/2019) *Sales were EUR 1,357 million (1,290). *Operating result was EUR 97 million (32). The comparable operating result was EUR 94 million (76). *The result before taxes was EUR 88 million (18). The comparable result before taxes was EUR 86 million (62). *Comparable return on capital employed was 7.4% (6.1). *Net cash flow from operations was EUR 306 million (232).
Paper Excellence announced today that several key roles have been filled as work to restart the Prince Albert pulp mill ramps up.
Charles Ray was hired as Director, Project Delivery and is responsible for ensuring the project is constructed on time, within budget and in accordance with all safety and environmental standards. The other following individuals have also recently joined the Prince Albert team:
Bob Hajnal – Project Safety Manager
Brett Knoll – QA/QC Project Manager
Dale Richardson – Community Relations Manager
Blair Rydberg – Power and Recovery Manager
Heather Walker – Operations Administration Assistant
Brett Young – DCS/Power Distribution Project Manager
“Filling these positions for Prince Albert Pulp Inc. is critical as we continue work toward restarting the mill,” said Graham Kissack, Vice President, Environment, Health and Safety & Corporate Communication. “These additions to our Prince Albert team and our ongoing work shows Paper Excellence’s commitment to reopening the mill and investing in the community and northern Saskatchewan.”
Paper Excellence has also engaged a variety of Saskatchewan-based consultants to help complete the engineering plans and environmental studies required to restart the mill, including consultants at Stantec, Clifton & Associates, Associated Engineering, and Lambourne.
“While it has been quiet around the site for the last several years, things have really started to get rolling the past few months, and that’s very exciting for the project and for Prince Albert,” said Kelvin Winge, Site Manager for Prince Albert Pulp Inc. “With new faces joining the team and working on-site, it’s a great sign that Paper Excellence ready to get the mill restarted.”
Paper Excellence recently announced local scholarships available to community and First Nations high school graduates who are living in Prince Albert and are entering their first year at a public university, community college or institute of technology and a national scholarship for Métis high school graduates.
Prince Albert Pulp Incorporated is expected to restart in the second half 2023, employing 200 people and creating over $300 million per year in economic benefits for Prince Albert and all of Saskatchewan.