Canfor Pulp Products announces sale of Taylor pulp mill for $7 million
Thursday, February 8, 2024 1:00 pm
VANCOUVER (From news reports) -- Canfor Pulp Products Inc. says it's entered an agreement to sell its Taylor pulp mill. The mill in northeastern B.C., which produces bleached chemi-thermo mechanical pulp, is being sold for $7 million to an undisclosed buyer. Canfor Pulp president and CEO Kevin Edgson says the new owner is committed to repurposing the site and developing a long-term plan that will benefit the community. The sale is expected to close during the first quarter. Just over a year ago, Canfor Pulp closed the pulp line at its Prince George mill, blaming a lack of fibre. The company reported a loss for the third quarter of 2023, due in part to soft global pulp market conditions.
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