News
Unifort signs agreement

Unifort Scierie-Pte Inc., reached final agreements with Katahdin Pulp Qubec Inc. a company controlled by Brascan…

Unifort Scierie-Pte Inc., reached final agreements with Katahdin Pulp Qubec Inc. a company controlled by Brascan Financial Corporation, pursuant to which Katahdin will operate, at its own cost and for its own benefit, the pulp mill and cogeneration facilities located in Port-Cartier, QC, on the basis of a lease and tolling agreement. The agreement provides for an initial term of 11 years, which may be extended. Katahdin intends to take possession of the pulp mill immediately.