Printer Friendly

MB ANNOUNCES ADDITIONAL PULP PRODUCTION CURTAILMENT

 NANAIMO, British Columbia, Aug. 26 /PRNewswire/ -- MacMillan Bloedel's Harmac pulp mill will curtail production for about three weeks starting Sept. 24 as a result of poor market conditions, the company announced today.
 About 650 employees will be affected.
 "We expect to reduce inventory by about 20,000 tons," said Roger Killin, general manager, Harmac. "The mill will shut down from Friday, Sept. 24, 1993, until full operation is restored on Oct. 18. The final week of the shutdown will be a partial shut only."
 Killin said the curtailment is a result of a persistent over-supply of market pulp which has dramatically eroded prices and increased suppliers' inventories worldwide. He said the market price has again fallen sharply after what appeared to be the start of a price recovery earlier in the year.
 This shutdown will bring market-related production curtailment at Harmac this year to 76,000 tons, equivalent to 72 days' production. The Harmac mill produces 365,000 tons of market pulp annually.
 -0- 8/26/93
 /CONTACT: Roger Killin, 604-722-4200/


CO: MacMillan Bloedel ST: British Columbia IN: PAP SU:

JL -- LA029 -- 6267 08/26/93 14:59 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Aug 26, 1993
Words:189
Previous Article:BEARCAT EXPLORATIONS LTD. ANNOUNCES WELL UPDATE
Next Article:STATE REVENUE DEPARTMENT ANNOUNCES TAXPAYER FLOOD RELIEF
Topics:

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters