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New start at Neucel

Neucel Specialty Cellulose has cause to celebrate.

Neucel Specialty Cellulose has cause to celebrate.

Since the opening of the mill on May 5, 2006 the company has brought back 350 jobs to Port Alice, while substantially improving its financial position.

The facility, which produces high-purity cellulose, was bought by Neucel as part of an over $100 million long-term investment plan that was designed by the company’s new ownership. So far, over $60 million has been invested in capital and technological upgrades to the property. More money will be directed to the facility in the near future.