Paper Excellence has plans to restart operations at its Chetwynd mechanical pulp mill in British Columbia, Canada as early as July 2015.
The mill, which Paper Excellence bought from Tembec in March of 2014, has been idle since September 2012. The soft market for high-yield pulp coupled with the mill's cost structure resulted in its closing.
Since buying the mill, Paper Excellence put forth plans to invest up to $50 million, including working capital and capital expenditure, toward its restart.
Prior to its shutdown in Sept. 2012, the Chetwynd high-yield pulp mill had the capacity to produce 240,000 tonnes of hardwood BCTMP (bleached chemi-thermomechanical pulp).
Paper Excellence owns seven pulp mills in Canada and in Europe, two pulp mills and a paper mill.
