Statement from Ron Stern regarding Port Hawkesbury paper mill
September 22nd, 2012 | Posted in Mill Sales/Transfers | 5 comments »
“I am very pleased – for the employees of the mill, members of the community, and the mill’s many suppliers and customers – to be able to announce that the issues that yesterday prevented the mill from restarting have been overcome. Many people have worked extremely hard to arrive at this moment, and we will all continue to work hard together over the coming years to ensure that Port Hawkesbury remains the highest quality, most competitive paper mill of its kind in North America.
Starting next week, we intend to call all employees back to work.
The UARB has advised us that it has extended the date for filing of the required amendments to its previous order so that the matter can be dealt with on an expedited basis next week. We are pleased that NSPI has agreed to support that application.
It is our plan to take ownership Sept 28th, and for paper to begin to roll off the machines in the very first days of October. Our sales team has alerted customers and we are taking orders now.
I really want Nova Scotians to know how hard their government leaders – both provincially and municipally – have worked to ensure there is a future for this world class mill and its people. It’s been our goal since day one and it’s what they deserve.”
Ron Stern
Pacific West Commercial Corporation
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??????……I don’t know how he can say we can’t run it as of 5pm yesterday because of the CRA and no tax concessions from Richmond Co. to where I am reading this now only 29 hours later that he’s so pleased that we can run that mill???……Don’t get me wrong, I am pleased that people will get back to work and that modernized facility will produce something for however long that will be, but I have to find out what happenned and I am suspecting that the NS government has thrown a whole load more of taxpayer money into the mix….this is kind of scary for the rest of us because you can be guaranteed that our provincial share of income tax on the ole T1 general at some point in the near future is going up big time because of this and other ventures the NDP has bought into.
And the Premier trusts Ron Stern to keep a deal when he resorts to challenging governments in court to evade taxes ? MY god what have we inflected on ourselves. Dexter should have some balls and turn this left coast Crackpot away from the provincial treasury. Stern does not bring anything to the table financially while Abiyla Birla closed a 300 million dollar purchase of the Terrace Bay Mill in Ontario without pick pocketing the taxpayers or attempting to at all three levels. Next Ron Stern will be having Dexter pull out one kidney from every adult in Nova Scotia and yet the man will demand more . Stern said my way or the Highway Well take a hike West Coast leach
You fucking moron, that mill in Terrace bay sold for 2 million plus liabilities ($25 million owed to the Ontario government). They have made a lot of promises about investing, but nobody has seen them throw that kind of money around yet. These foreign companies have the integrity of maggots (see asia pacific). It wouldn’t be a shock if they run it into the ground and walk in two years.
ONCE AGAIN, NOBODY IS GOING TO FUCKING MAKE RAYON IN PORT HAWKESBURY.
Dear Ron Stern as a representative of ordinary people in Nova Scotia we would like you to retrain from wasting our governments time and more importantly our money you wish to buy the mill with. We would also like for you to stop challenging our levels of government in a quest to avoid paying taxes at every turn. Our supreme court has better things to do then entertain you with your games. Your sincerity on having buyers waiting for product from the Port Hawkesbury Mill in this latest announcement conflicts with the Dexter governments prior commitment to supply your company with 3.5 million dollars in Marketing funds. Mr Stern an Asian company recently paid 300 million dollars for a mill in Ontario or ten times what you are offering the creditors owned in this bankruptcy. I suggest that you honor your utterance of Friday night and step away from doing business in Nova Scotia as you indeed hold no credibility via your actions of the past 24 hours. Any agreement you would sign would not be worth the paper your company would produce. You have shown your true colors as a man without morality.
a chinesse investor offered $35 million for Terrace bay, but the judge diclined it, cause it was past the dead line, even if it was $8 million more the the offer of the group from india, some news papers mention $300 million, but really don,t know where they got that from