Catalyst gets tax cut
November 6, 2006 By Pulp & Paper Canada
The next five years might help Catalyst Paper control expenses. The City of Port Alberni has conceded to slash the …
The next five years might help Catalyst Paper control expenses. The City of Port Alberni has conceded to slash the pulp and paper company’s taxes by 20% over the next 60 months.
According to a report by the Alberni Valley News, the decision didn’t come without a fight. Catalyst originally asked for a 50% cut. The company set a deadline of November 17 for the reduced rate to come through, or else it threatened to close its No. 4 paper machine. However, vice-president of operations Mike Putzke is content with the results.
“We’re very pleased,” the report confirmed him as saying. “I’m thrilled Ken McRae showed that kind of leadership. It certainly helps us on our way to making No. 4 successful.”
When asked how the implications of the November 17 deadline will factor into the company’s plans, and if the No. 4 papermachine is still at risk of closing, Putzke replied, “I won’t play worst case scenario. We still have work to do with our unions.”
The report further indicated that the mill directly or indirectly affects one out of every four jobs in the city.
Print this page