Tuesday, June 8, 2010

Fort William mill sold for scrap

Thunder Bay's Fort William Paper Mill has been sold for scrap. Abitibi Bowater sold four papermills across Canada to American Iron and Metal Company for 8.4 million dollars. National Representative for the Communications, Energy and Paperworkers Union Marvin Pupeza says it doesn't come as a shock. Abitibi will also be paid 40 percent of the net proceeds from any sale of papermachines from the four mills.