Chinese Shopping for Pulp Operations
By 250 News
Friday, November 20, 2009 10:08 AM
Prince George, B.C.- Minister of Forests and Range, Pat Bell, says he remains hopeful there will be a buyer for the Worthington-Mackenzie mill in Mackenzie and the Eurocan mill in Kitimat.
Speaking on the Meisner program on 93.1 CFISFM this morning, he said there are at least five companies interested in taking a close look at the two mills. While the Eurocan mill is a little different because it produces liner board and newsprint, he says the Chinese are showing a lot of interest in pulping operations. At least one company entered a memmorandum of understanding with the Province over the Mackenzie mill.
“I am hopeful we are going to see something happen in at least one if not both locations.”
The Worthington Mackenzie Mill was purchased from Pope and Talbot’s receivers over a year ago and has not operated since that time. Up until recently, the Province had been paying to keep a skeleton crew on scene to ensure there were no issues with the chemicals on site. Those chemicals have since been removed and the mill has been shut down for the winter.
As for the Eurocan mill, it is scheduled to be closed at the end of January.
“It’s not over yet” says Bell.
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It could happen and it would be nice to see, but you better send your biggest and best guns before you start dealing with them!
Or they will clean your clock in any deal!
And that is a well known fact with both the Chinese and the Japanese.
A friend in the overseas shipping business once told me that when the asians smile,shake hands, and sign on the bottom line...it is safe to assume they got the better part of the deal!
It's an art form with those guys!
Somehow I don't get the feeling that Pat Bell should be doing the deal!
Maybe send someone like Jimmy Patterson?