Port Alice Specialty Cellulose, LLC ceased manufacturing operations on October 22nd. The decision was taken so the…
Port Alice Specialty Cellulose, LLC ceased manufacturing operations on October 22nd. The decision was taken so the company can reorganize itself in what it refers to as a ‘changing business environment’.
Company director John Sullivan explained, "product quality has been excellent, production goals are being met and customer and market demand is consistent. However, the negative impact of historically high oil costs, high wood costs and the significant change in currency valuations in the past five months have essentially put Port Alice into a dramatically different business environment." Sullivan added, "The company is hopeful of resuming operations in the near term".
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