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Friday, February 03, 2006
Domtar continues to make Reductions
Domtar, Canada's largest printing and writing paper producer , announced it would close a mill and shutter 2 paper machines. Management is also considering divesting of a paper mill. Permanent closure includes #10 and #11 paper machine in Cornwall, Ontario paper mill and the Vancouver, BC mill will be offered for sale. Total capacity involved includes 265,000 tons of uncoated and coated printing grades as well as 160,000 tons of market pulp.
10 & 11 pm are in Ottawa not Cornwall. A lot has been said of the Cornwall closure, which was seen coming a long time ago. The Ottawa opereation was shut down while still profitable. It is obvious that they will eventualy shut down all canadian operations as they merge with wyerhouser and move into China with the US as a distribution point for customers in north and south america.
ReplyDeleteWe got screwed by the opec idiots, who think that they were picked by the gods to rule the earth and do everything that they can to bankrupt and terrorize western nations.