News
Tembec sells Pine Falls newsprint mill for redevelopment

Tembec has sold the mill property and assets of its idled newsprint mill at Pine Falls, Man., to Pine Falls Development Corporation. PFDC is an investment project of NRI Global Inc. The company is offering all buildings, machines and equipment…

Tembec has sold the mill property and assets of its idled newsprint mill at Pine Falls, Man., to Pine Falls Development Corporation. PFDC is an investment project of NRI Global Inc. The company is offering all buildings, machines and equipment for sale.

PFDC is seeking alternative uses for the site and its assets, and will move forward with land reclamation and site reconfiguration.

According to the company, the brownfield redevelopment process could take from two to five years to complete. Tembec said the site is being sold for nominal net proceeds and the transaction will not impact its financial results.

The Tembec Pine Falls facility ceased production in September 2009. Permanent closure was announced in 2010.

A PFDC brochure on the project says the Pine Falls complex includes industrial buildings, equipment, waterfront lands and facilities, two residential communities, a waste water treatment plant, a landfill, and approximately 1,000 acres of vacant land.