Pacific West on Port Hawkesbury Mill

In a letter to customers, Pacific West Commercial Corp., which is in the process of acquiring the NewPage Nova Scotia mill and also owns West Linn Paper, updated the status of Port Hawkesbury: "The Port Hawkesbury Mill’s PM2 machine is in excellent condition, an asset that will produce the highest quality, low cost SC paper in North America...By August of this year, it is our intent to begin work on starting up the machine and fulfilling customer orders. We have concluded, or are in the midst of finalizing secure, long term agreements with key stakeholders including the union, the local electric utility, Nova Scotia Power (NSPI), raw product suppliers and the Province of Nova Scotia (to ensure a long term, secure, competitive and sustainable fibre supply) – all of which will allow us to be a low cost producer of SC paper in North America for the foreseeable future. We would not re-start the mill unless we were able to achieve this goal.We are in the process of finalizing a lending agreement and are equally committed to ensuring the mill is in the best position possible to compete and succeed in the marketplace..."