Decision triggered by rising costs Canadian paper producer Paper Excellence has announced that the company is indefinitely curtailing paper operations at its Catalyst Crofton facility located on Vancouver Island, in the country’s province of British Columbia.
“Market dynamics, inflationary pressures on raw materials, energy cost opportunities, and a lack of local domestic fibre supply resulted in substantial increases in operating costs. These pressures have materially impacted the current and future financial viability of the paper operation,” the business said in a statement.
The mill’s pulp operations, which provides about 400 jobs, will continue manufacturing during the indefinite paper curtailment, according to Paper Excellence.
“Going forward, the Crofton team will focus on making the remaining pulp operations cost competitive and aligned with our overall business strategies and direction,” the statement said.