OFFER TO PURCHASE HARMAC PULP MILL
The local press reports that the Asia Pulp & Paper company from Indonesia has put an offer on the table to purchase the troubled Harmac pulp mill in Nanaimo. The undisclosed offer has the deadline of Feb. 15 to finalize the offer made by the large Indonesian firm.Asia Pulp & Paper is a large company and is looking for secure supplies of pulp of which there is a worldwide shortage. This should be good news for the Harmac mill, as that is the type of softwood pulp they produce. If the deal does in fact go through it is not expected to result in any major changes at the Harmac mill.
While still not final it is still welcome news to the 500+ employees whose future has been uncertain for many months now.
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