GIANT MALAYSIAN MULTINATIONAL
OFFERS TO BUY TROUBLED HARMAC
OFFERS TO BUY TROUBLED HARMAC
It is reported in the local press that Sinar Mas Group which owns Asia Pulp and Paper have offered to buy Harmac mill in Nanaimo as well as two other mills; one in MacKenzie and the other in Halsey Oregon.
All three mills are presently owned by the Oregon based Pope & Talbot company which has been under bankruptcy protection for sometime now.
The offer should be good news for over 500 people whose livelihood depends on the mill. The city of Nanaimo also benefits from taxes paid by the mill to the tune of $2.65 million dollars.
Area businesses of all kinds obviously benefit for the payroll the mill provides Nanaimo and surrouding locale.
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