St. Marys Paper wants more cash from Ontario

St. Marys Paper in Sault Ste. Marie has submitted its latest restructuring plan to the Ontario government - a plan that includes a funding request in the tens of millions of dollars.

The province of Ontario has already put millions of dollars into the Sault mill, including $17 million to the current group of owners when they purchased the mill in 2007.

St. Marys Paper has also not resubmitted their application for the co-generation project to the Ontario Power Authority - a co-generation project that St. Marys Papers considers vital to their future.

St. Marys Paper first co-generation application was rejected because the cost the company was proposing for the energy they would produce was far too high for Ontario taxpayers to support.

"They have a restructuring plan that we have been expecting for quite a while, but the mill has to be self-sustaining with or without the existence of a co-gen plant," said David Orazietti, MPP said. "We want to ensure that if there are further expenditures of provincial dollars to restart the mill, that this is the right plan to make the mill successful. We want to see the mill reopen. We want to see the mill employing people in our community, but we need to make sure there is a plan that is going to work and create some long term sustainability at the mill."

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St. Marys Paper asking Province for more cash (Sault This Week)