Wednesday, August 28, 2013

Port Hawkesbury Weighs Options for Newsprint PM

http://www.capebretonpost.com/News/Local/2013-08-27/article-3365873/Port-Hawkesbury-Paper-mulls-business-case-for-newsprint-machine/1
The owner of Port Hawkesbury Paper says mill management intends to make one last effort to find a business case that would call for the operation of the mill's newsprint machine.
But Ron Stern said it's more likely that the machine will be sold off in the next few months.
Since taking over control of the mill last year, Port Hawkesbury Paper has only operated the newer of its two paper machines, PM2, which produces supercalendered paper for the magazine and catalogue market. The mill's newsprint machine, PM1, has remained idle. By only operating one of the two machines, the company cut its workforce by about half, and now employs about 300 people.