Thursday, September 16, 2010

Terrace Bay Pulp is out of creditor protection

Great news for Terrace Bay, the pulp mill is reopening. Yves Fricot says the facility pulled out of creditor protection late yesterday evening and is bringing employees back to the mill. There will be about 340 people employed at the mill and around the same amount working in woodlands operations.  Fricot says it will take about two weeks of prep work before the mill will be ready to produce pulp.