A little late with this one, but in late November Interfor purchased three mills from cash-strapped P&T. The mills are in Grand Forks, Castlegar, and a third in South Dakota. Interfor was looking for some exposure to the southern BC Interior and in time this may look like a good deal. It also adds some stability and a more certain future for the communities involved. Much better than the uncertainty leading up to the sale announcement.
Link to story:
http://www.theglobeandmail.com/servlet/story/LAC.20071120.RPOPE20/TPStory/Business
P&T has also received some heat from local politician Corky Evans regarding the potential sale of their private lands inside their Arrow TFL. In addition, many local contractors are wondering if they will ever see payment from P&T for work completed up to the P&T closure. Monies owed are reportedly in the millions, and it seems like any revenues P&T earns from crown or local resources should go first to paying off their contractors in the area.
Showing posts with label mills. Show all posts
Showing posts with label mills. Show all posts
Sunday, December 9, 2007
Sunday, June 3, 2007
Virus in Forestry Manufacturing
Very interesting article describing a poor outlook for forestry manufacturing in BC.
The forestry sector in Canada has been especially hard hit. Mills are being knocked down like ten pins in Northern Ontario, Quebec and elsewhere. And now it is BC’s turn. Forestry towns in the province like Port Alberni, Terrace and others, are already suffering the effects.
Link to story:
http://www.opinion250.com/blog/view/6034/7/a+virus+in+forestry+manufacturing
The forestry sector in Canada has been especially hard hit. Mills are being knocked down like ten pins in Northern Ontario, Quebec and elsewhere. And now it is BC’s turn. Forestry towns in the province like Port Alberni, Terrace and others, are already suffering the effects.
Link to story:
http://www.opinion250.com/blog/view/6034/7/a+virus+in+forestry+manufacturing
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