AbitibiBowater sells Belgo mill
November 30, 2009 By Pulp & Paper Canada
A Quebec Superior Court judge has approved the sale of AbitibiBowater’s Belgo paper mill in Shawinigan, …
A Quebec Superior Court judge has approved the sale of AbitibiBowater’s Belgo paper mill in Shawinigan, Que., to Recyclage Arctic Beluga. There is a short period during which the transaction could be appealed, but both parties are confident the sale will go through, according to a report in Le Nouvelliste, published on cyberpresse.ca on Nov. 24. The purchase price was not disclosed.
Recyclage Arctic Beluga will use some of the buildings on the mill site to expand its production of an aluminum by-product. The vast industrial complex could also be shared with some other local businesses.
The new owners have said the paper machines will be removed from the site. The Belgo mill ceased production in early 2008.
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