Terrace Bay Pulp update

Workers for Terrace Bay Pulp in Ontario have been waiting a year now to see if their mill will be able to reopen.

The workers will have to wait at least another 2 months while Terrace Bay Pulp seeks more time to make financial arrangements to restart the mill.

Originally, production was expected to resume before the end of this month.

“It was simply impossible to complete all of the required steps to successfully exit (the protection period) by the end of February, and the coming spring thaw makes an earlier startup of the mill impractical,” Terrace Bay Pulp's legal counsel Yves Fricot said in a statement.

“We would be unable to get sufficient wood to the mill to run continuously, and no one wants to start up and then have to take a pause while we wait for wood,” Fricot added.

Terrace Bay Pulp is owed by Buchanan Forest Products. The mill was idled in the spring of 2009 due to a plunge in pulp prices, but was profitable until the end of 2008.

Read more:

Mill aims to extend protection (The Chronicle Journal)