Written by Gordon Hoekstra
Citizen staff
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Tuesday, 03 November 2009 |
A newly-formed company, which includes local investors, announced today it has reached a six-month agreement with Worthington Mackenzie Ltd. that allows it to take possession of the Mackenzie pulp mill.
The Mackenzie Pulp Mill Development Corp. also has an exclusive option to purchase the mill, but stresses it will not be operating the mill.
The corporation will be spearheading the hunt for a new owner, as well as trying to put in place elements that will make a sale more straight forward, including securing long-term wood fibre for the pulp mill, 175 kilometres north of Prince George.
The Mackenzie Pulp Mill Development Corp. has four investors: Fort St. James-based K&D Logging, the McLeod Lake Indian Band-owned Duz Cho Logging, Vancouver Island-based Interior Fibre Management and Tanner Elton & Associates.
The development corporation says its key focus is to protect the pulp mill's assets and infrastructure during the winter by keeping critical equipment warm. If the mill was not kept warm during the winter in some fashion, workers believed that damage would be so extensive there would be no chance of ever re-opening the plant.
The new company also plans to keep permits in good standing, and also to prepare the mill to resume production under new ownership.
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Last Updated ( Tuesday, 03 November 2009 )
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