Paper Excellence’s Powell River, B.C. Catalyst Mill to Shutdown Indefinitely
Catalyst paper mill in Powell River permanently shutting down
In a news release issued today (12-2-21), Paper Excellence said that the status of its Catalyst mill located in Powell River, B.C. was being changed from a temporary curtailment (announced two weeks ago) to an indefinite shutdown, as of today. Paper Excellence also stated that they intended to look for alternative uses for the facility and its adjacent land.
Paper Excellence said in a press release that, “The ongoing contraction of global paper markets and paper prices, particularly in Asia, are creating significant on-going financial losses at the mill. Despite the best efforts of the mill’s committed team of employees, the facility is simply not viable under the reality of today’s market conditions.”
The mill is largest employer in Powell River, employing over 200 workers.
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