MARKHAM, ON — Flakeboard Co. Ltd. is considering shutting down its St. Stephen, NB, mill and moving operations to another location after a $3.2-billion New Brunswick-Quebec power deal fell through, according to the Vancouver Sun.
The newspaper quoted Kelly Shotbolt, president and CEO, as saying that the power plant would have saved his company approximately $1.5 million in energy costs.
"The fact is that we have three particleboard mills that ship into a similar trading area. The two other (U.S.) mills are running on full schedules," Shotbolt said.
"The mill in St. Stephen is running at a curtailed schedule because it is not as competitive as those other mills today,” Shotbolt added. “That process has started and certainly the news today doesn't make the prospects any brighter."
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