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Article: Fraser Papers Completes Modernization Project Announces Restart at Plaster Rock Lumbermill.
- Article from:
- Marketwire Canada
- Article date:
- November 6, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PLASTER ROCK, NEW BRUNSWICK, Nov 6, 2009 (Marketwire via COMTEX) -- Fraser Papers Inc. ("Fraser Papers" or the "Company") announced today that its lumbermill in Plaster Rock, New Brunswick is scheduled to restart operations on November 16, 2009. Approximately 175 employees have been recalled to work.
The Plaster Rock lumbermill recently completed a CAD$17.6 million modernization that included the installation of a new biomass fueled boiler, a new lumber drying kiln and upgraded saw line equipment. The project, completed under budget, will eliminate the mill's dependence on oil and lower its conversion costs by approximately 20%. It was financed through a ...