Port Hawkesbury Paper likely to sell newsprint machine
The one-year anniversary of the reopening of the paper mill in Port Hawkesbury is approaching.
Ron Stern, owner of Port Hawkesbury Paper, said it is likely the older paper machine will soon be sold off. The company has only operated the newer supercalender paper machine since purchasing the mill last year.
Mill officials have said there isn’t enough fibre available in Nova Scotia to operate the older paper machine, and the company is not willing to go to the expense of importing fibre as the mill’s previous operator, NewPage Port Hawkesbury, did.
An open house was held at the mill on Monday to celebrate the upcoming anniversary.
Ron Stern said the mill is turning a small profit. “Not a very big profit. As a matter of fact, it is pretty skinny and it’s nowhere near where we need to get to for a sound future, but it is a big deal to be able to say we’re operating profitably,” said Stern.
Read recent news coverage of Port Hawkesbury Paper:
- Port Hawkesbury Paper mulls business case for newsprint machine (Cape Breton Post)
- Port Hawkesbury Paper mill celebrates upcoming anniversary (CTV)
- Canada Revenue Agency rejects Pacific West Commercial Corp's tax deal
- Let's look more at the $1 billion tax loss that is involved in the Port Hawkesbury Paper 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
- Statement from Ron Stern regarding Port Hawkesbury paper mill
- Concern over Nova Scotia's final agreement with Port Hawkesbury Paper
- Who is Ron Stern, and what are his plans for the Port Hawkesbury mill?