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Alpac pulp mill will get new Japanese owner


February 24, 2015
By Pulp & Paper Canada

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Japan’s Hokuetsu Kishu Paper is planning to acquire Canadian pulp producer Alberta-Pacfic Forest Industries Inc. as early as this spring, purchasing all of Alpac’s shares from its current owners, Mitsubishi Corp. and Oji Holdings, according to a story on the web site of Nikkei Asian Review.

This will be the first step into North America for Hokuetsu Kishu Paper, Japan’s fifth largest papermaker. Nikkei Asian Review notes that for Hokuetsu Kishu, domestic demand continues to shrink.

The value of the entire deal is expected to top 6 billion yen ($50 million).

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Alpac operates Canada’s newest and North America’s largest, single-line bleached kraft pulp mill. It produces nearly 650,000 air dried metric tonnes of elemental-chlorine free pulp annually.


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2 Comments » for Alpac pulp mill will get new Japanese owner
  1. Barbara Bienvenue says:

    When did Alberta govt. sell Alberta forest leases toJapan— Diashowa?
    Does Alberta own any of our forests?

    • Kristina Urquhart says:

      Hello Barbara, this article was published in 2015. To answer your question, yes, Alberta owns timber. Find more information on the government webpage, where you can see the parts of the forest tenure system, including forest management areas – click on that and you will find a map of who owns which FMA. https://www.alberta.ca/forest-tenure.aspx

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