Weyerhaeuser to close Prince Albert
October 4, 2005 By Pulp & Paper Canada
On the heels of Norampac’s shut down at Red Rock, Weyerhaeuser has confirmed plans to close its Prince Albert pulp …
On the heels of Norampac’s shut down at Red Rock, Weyerhaeuser has confirmed plans to close its Prince Albert pulp and paper mill in Saskatchewan. Although the closure is indefinite, the company is in the process of looking for potential buyers and has given 90 days notice before it will start cutting back its workforce. The mill will start the first phase of its shutdown on January 3rd 2006, and paper operations are scheduled to cease on January 2nd. The pulp mill will stay up and running until the spring in order to minimize damage caused by cold winter weather.
“Unfortunately, market conditions have reached a point where we have no alternative,” said Craig Neeser, senior vice president, Canada. The company has cited excess capacity, declining demand, mounting inventories and weak prices as reasons for the decision.
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