Saturday, January 31st-0.9°C
24736
24285

Catalyst Paper terminates deal

Pulp and paper producer Catalyst Paper says it has terminated an agreement to sell its Elk Falls site in B. C. to Pacifica Deep Sea Terminals.

The move came after the parties were unable to close the deal for a second time.

The $8.6-million sale of the industrial site in Campbell River was originally scheduled to close in early September, but the deadline was extended until Dec. 18.

The Elk Falls mill began operation in 1952, and at its peak, produced 784,000 tonnes of pulp, paper and kraft paper annually.

The site was permanently closed in 2010. Since then, equipment has been decommisioned and demolition has been completed.

When the sale was announced in August, Pacifica said the deal would create 400 new jobs in the region.

The Canadian Press


Read more Business News

24813


Recent Trending




Today's Market
S&P TSX14673.48+37.521
S&P CDNX676.81+9.70
DJIA17164.95-251.90
Nasdaq4635.24-48.167
S&P 5001994.99-26.26
CDN Dollar0.7856-0.0067
Gold1286.60-5.10
Oil49.60+3.16
Lumber322.50+0.70
Natural Gas2.87-0.111

 
Okanagan Companies
Pacific Safety0.120.00
Knighthawk0.010.00
QHR Technologies Inc1.400.00
Cantex0.035-0.005
Anavex Life Sciences0.174-0.006
Metalex Ventures0.040.00
Russel Metals23.42-0.16
Copper Mountain Mining0.99+0.01
Colorado Resources0.150.00
ReliaBrand Inc0.01+0.0031
Sunrise Resources Ltd0.050.00
Mission Ready Services0.2350.00

 



24813

FEATURED Property
2106948260 Grandview Bench Road
10085866 bedrooms
$540,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Leaving a job: changing careers

Many people, who find themselves out of work and with time on their hands, and money in their pockets due to lay-off, start thinking about a career change. If you weren’t happy with the directio...


Service fit makes happy employees

Finding the right employees for the front lines of your company is key to developing a great service attitude within your company. It is just as important as hiring the right accountant, manager, sale...


How to price: workbook approach

In 2008 Self Counsel Press published my book - Pricing Strategies for Small Business. The book is now available in Europe, India, Russia and the United States. The purpose of the book was to make avai...

_








Member of BC Press Council


24697