MacMillan Bloedel Ltd. has announced that its hardboard siding plant in Sturgeon Falls will close on Dec. 9. The plant reportedly ran up losses of $20 million during the last decade, while another $3-million loss is expected to be registered this year. The closure will put 162 people out of work. The hardboard siding was primarily marketed in the U.S. and Canada under the Champlain Siding name. The company will continue to operate its corrugated paper mill which employs 142 workers. It has submitted a request for funding to FedNor to establish a $14.5-million plant to recycle corrugated containers.
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|Title Annotation:||Forestry News; closing of MacMillan Bloedel Ltd.'s hardboard siding plant|
|Publication:||Northern Ontario Business|
|Article Type:||Brief Article|
|Date:||Nov 1, 1991|
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