Paper Excellence permanently closes newsprint and TMP operations at Howe Sound mill in BC effective immediately (RISI)

Paper Excellence is announcing the permanent closure of the Paper and TMP Operations at the Howe Sound Mill effective immediately.

“In light of the extreme drought conditions experienced since May, the decision to cease paper operations was advanced to help conserve water supply”, Steve Bird, General Manager of Howe Sound Pulp & Paper. “The future of our mill lies with our strong pulp and green energy opportunities that will continue to grow.”

With newsprint and value added newsprint prices declining, combined with a shrinking market that is expected to continue, HSPP undertook an extensive review process to look at other product options and found that either our equipment and furnish was not suitable nor could it be easily and economically modified, or that the markets could support demand for those new products.

Between operations and maintenance and other support departments, this permanent closure will result in a reduction of approximately 180 employees who will be offered comprehensive severance packages, potential relocation to other Paper Excellence-owned mills, and career counselling.

“While this has been a difficult decision to make, the Kraft pulp mill and power generating businesses at the Howe Sound Mill will now become stronger and more sustainable.” David Kerr, Vice President with Paper Excellence Canada, states.

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