Court approves spending $2 million to quickly restart Port Hawkesbury Paper mill
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.
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- Richmond County is trying to stop Port Hawkesbury Paper from paying less taxes
- Port Hawkesbury Paper court decisions today
- Canada Revenue Agency rejects Pacific West Commercial Corp's tax deal
- No special power deal being offered to Pacific West Commercial Corp.
- Deal is dead. Pacific West Commercial Corp. will not be taking over NewPage Port Hawkesbury
- Nova Scotia Premier announces new deal to reopen Port Hawkesbury paper mill
- Sale to Pacific West Commercial Corp. now just needs a few signatures