Tembec sells its pulp mill in Chetwynd, BC
Paper Excellence will restart the operation, shut down since September 2012.
MONTREAL — Tembec Inc. has closed the sale of its pulp mill and related assets located in Chetwynd, BC to Paper Excellence Canada Holdings Corp. for what it describes as a “nominal amount.”
The mill had been shut down since September 2012. Approximately 80 employees are included in the transaction.
Unifor said in February the mill would create 110 jobs.
The Chetwynd mill can produce bleached chemi-thermomechanical (BCTMP) hardwood pulp has an annual production capacity of 240,000 tons.
Tembec acquired the pulp mill in 2002 from Louisiana-Pacific Canada Pulp Co. and Louisiana-Pacific Ltd.
Tembec, a manufacturer of forest products, has operations are in Canada and France, has some 3,500 employees and annual sales of approximately $1.6 billion.
Paper Excellence is a Richmond, BC-based multi-national pulp and paper producer.