West Fraser Timber may sell its Kitimat mill

West Fraser Timber recently closed their Eurocan mill in Kitimat, British Columbia.

An unnamed Chinese company is already interested in the mill. West Fraser has agreed to open the mill's books and figures for the Chinese company to study.

The company is the same Chinese company that has been interested in the former Worthington Mackenzie mill.

If the Eurocan mill is sold, the deal may not include West Fraser's forests licences. Forests Minister Pat Bell said there's 4.1 million cubic metres a year of fibre in the area that can be cut and that while most of it is held by companies, there's not a lot of logging going on.

Source:

West Fraser opens Eurocan books to Chinese (Terrace Standard)