Tembec announced the sale of its St. Francisville mill, closed in 2007, to PanAmerican Capital Group for $6 million in cash and $10 million in interest bearing notes last week. Now, published reports say that the mill, which produced 240,000 tons per year of NBSK pulp and 340,000 tpy of coated paper, may be restarted; possibly even this year. The new owners have yet to disclose the product that might be manufactured. The state of Louisiana has offered substantial incentives, $6 million if the company creates at least 200 jobs by early 2010; with more to follow if employment goals are met.
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