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ForestTalk (Free subscription) | 11/12/2009
More than 1,000 retired paperworkers could lose up to 40% of their pension benefits as another major pulp and paper company - Fraser Papers - seeks to cut its debt on the backs of workers. "These are the latest victims of employers hiding behind bankruptcy legislation - taking pensioners money to pay off investors," says Dave Coles , president of the union that is fighting the company's...
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ForestTalk (Free subscription) | 11/01/2009
Peter Gordon , CEO of Fraser Papers Inc. believes that the Edmundston mill will benefit from the province's decision to sell NB Power's assets to Hydro-Québec. The deal will see New Brunswick's industrial power rates to be lowered to match Quebec's rates. That will lower the Edmundston mill's power bill by roughly 30%. Fraser Papers is currently in bankruptcy protection. It employs about 350...
3Vote!
The Sir Robert Bond Papers (Free subscription) | 11/01/2009
Following are links to some stories on the memorandum of understanding to sell of NB Power to Hydro-Quebec: 1. There’s strong positive reaction side Quebec to news of the MOU. La Presse Canadienne from metromontreal . 2. A 30% drop in electricity rates could save the Edmundston pulp and paper mill. Bet people in Corner Brook would be looking hard at that right now if they were in the same spot,...
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CBC.ca (Free subscription) | 10/31/2009
The CEO of Fraser Papers Inc. says the decision to sell NB Power's assets to Hydro-Québec will help the company's Edmundston mill survive.
4Vote!
Market Wire (Free subscription) | 10/13/2009
TORONTO, ONTARIO (MARKET WIRE) Fraser Papers Inc. ("Fraser Papers" or the "Company") announced today that it has been allocated CAD$33.1 million in credits under the Government of Canada's $1 billion Pulp and Paper Green Transformation Program. The credits have been granted based on the Company's black liquor production at its pulp mills in Edmundston, New Brunswick and Thurso,...
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ForestTalk (Free subscription) | 10/13/2009
Twenty-four companies, representing 38 pulp and paper mills across Canada, have qualified for credits under the Government of Canada’s Pulp and Paper Green Transformation Program . Company Name Credits Abitibi-Bowater - Fort Frances Mill (Fort Frances, ON) - Thunder Bay Mill (Thunder Bay, ON) $ 33,213,351 AlPac Forest Products Inc. - Alberta Pacific Forestries Mill (Boyle, AB) $ 62,869,884 AV...
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ForestTalk (Free subscription) | 10/02/2009
Back in June Ottawa announced a Canadian green funding program for pulp and paper producers to off-set the advantage U.S. mills were experiencing from the U.S. black liquor alternative fuel grant. The federal fund will provide companies with a credit of up to $0.16 cents per litre of black liquor, up to a maximum program total of $1 billion. Unlike the U.S. subsidy, Canadian companies are required...
3Vote!
CBC.ca (Free subscription) | 09/17/2009
A boil water order has been issued for about 300 people in Edmundston following a water main break Wednesday night.
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ForestTalk (Free subscription) | 09/17/2009
The power subsidy the New Brunswick government put in place for paper mills has gone over budget by $1.3 million over the last 2 years. The subsidy gives the province's paper mills a lower cost for electricity, thereby improving the mill's competitiveness with mills in other jurisdictions. This high energy use tax rebate has cost New Brunswick's taxpayers more than $17.3 million over the past two...
3Vote!
Boston Globe (Free subscription) | 08/13/2009
Fraser Papers Inc. says union workers at its Edmundston, New Brunswick, mill have ratified a three-year contract.
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CBC.ca (Free subscription) | 08/12/2009
Unionized workers at the Fraser Papers Inc. pulp and paper mill in Edmundston have accepted a new contract offer.
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ForestTalk (Free subscription) | 08/12/2009
Fraser Paper 's sulphite mill in Edmundston , New Brunswick will re-open after the mill's unionized workers voted last night to accept the company's final offer. More than 200 jobs will be saved. Last night's vote results were 81% in favour of the offer with 263 of 294 members present. The legality of the vote was questioned since the union had already voted against the company's final offer and no...
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Boston Globe (Free subscription) | 08/08/2009
Fraser Papers Inc. says it will keep its mill in Madawaska, Maine, in operation even if it shutters a sulfite pulp operation across the St. John River in Edmundston, New Brunswick.
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ForestTalk (Free subscription) | 08/07/2009
The union of Fraser Paper Inc. 's Edmundston mill have voted to reject the company's final contract offer. As a result, Fraser Papers will keep the sulphite pulp operation closed and more than 200 unionized workers will be laid off. The final offer from Fraser Papers to the union included a 4% pay cut in the first year of the proposed 4 year contract. The offer included a potential 2% annual increase...
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