West Fraser's announced closure today of its financially-troubled Eurocan paper mill in Kitimat closes the last remaining significant forest operation in northwest B.C.The mill is expected to be shut down permanently at end of January, putting 535 employees out of work."A deep and thorough review by the company looked at ways to offset the steep decline in Eurocan's financial results," said West Fraser chairman, president and CEO Hank Ketchum. "Unfortunately, even with the most optimistic projections the business fundamentals of the operation have deteriorated to the point where permanent closure is the only reasonable alternative."Wood chips had been supplied to Eurocan from West Fraser's sawmills in Smithers, Houston and Fraser Lake. Those chips will now be directed to pulp mills in Prince George and Quesnel, said the company.
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