Court approves spending $2 million to quickly restart Port Hawkesbury Paper mill
August 30th, 2012 | Posted in Financial News, Mill Expansions/Openings | 2 comments »
The Nova Scotia Supreme Court has approved Pacific West Commercial Corp.‘s request to spend $2 million to quickly restart the hot idled mill in Port Hawkesbury.
$500,000 will come from Pacific West Commercial Corp. and $1.5 million will be taken from the $15.8 million provincial fund that kept the mill in a hot idle state during restructuring.
The money will be used to ready the mill for a quick restart by bringing back workers, repairing equipment, and buying supplies.
Pacific West Commercial Corp. plans to recall about 300 employees in late September or early October, providing the Canadian Revenue Agency soon approves complicated tax arrangement between Pacific West Commercial Corp. and Nova Scotia Power.
Read more:
Court approves $1.5M to ramp up NewPage mill (CTV)
Court approves $1.5M from province for mill (Cape Breton Post)
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Good luck bringing back trades people. I figure most of them are on rotation in Alberta making unreal coin. Hard to come back to a normal job and just “pay the bills”.
Of course!….and NOTE the word “quickly”…lol……Can’t anyone stop this foolishness….Nova Scotia is far worse now than Sicily ever dreamt about being back in the 1900′s with regards to organized crime….No one with money, or even common sense, will continue to live here and think you will get ahead in Canada or anywhere else in the Western world…..This is just another reason why….The money thrown around by government on nothingness, or robbed from us from corporations never stops, and now , never will..
ANYONE in their 20′s better see this as a bigger drain on YOU in 20 years than it is on me today…. it is crazy ridiculous what goes on here now than the late 70s was. I know I have to leave this province whenever I stop working…..Othewise, they will just slowly drain me of my retirement faster than the other provinces we have in Canada, with taxes, bullshit excuses, and total disregard for the people that live here in all their so called regulatory boards…..They just hope they can fool the majority here…..Wrong Agaiinnn