Stadacona invests $44 million, cuts 250 jobs
February 15, 2005 By Pulp & Paper Canada
If rationalization is a cardinal step towards a strengthened industry, Stadacona Inc. has made a move in the right…
If rationalization is a cardinal step towards a strengthened industry, Stadacona Inc. has made a move in the right direction. As part of a $44 million modernization strategy, the paper mill is planning to lacerate 250 jobs over a period of five years. The mill currently employs 950 people.
The Gazette reported that of the $44 million investment, $26 million will be directed to the mill’s No. 3 boiler, in order to improve operating efficiency and to ensure it will be able to burn waste-wood biomass. It is anticipated this upgrade will culminate in a 75% savings in oil, and a reduction of 80% in green-house gas emissions. The Gazette further reported the remaining $10 million will go to an upgrade of the mill’s No. 4 paper machine, and $8 million will be spent on information and automation technology.
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