In early March 2014, Richmond-based Paper Excellence Group (PEG) acquired the Chetwynd pulp mill from Tembec Inc., making this its’ fourth pulp mill in British Columbia. PEG is a sustainable, globally integrated fibre products provider which provides cellulose-based products at lowest possible cost, through innovation and adaptability. Prior to the purchase of the Chetwynd mill, PEG’s Canadian capacity for NBSK (Northern Bleached Softwood Kraft) pulp was 1.2 million tonnes.
“The re-opening of the Chetwynd mill will mean 120 direct jobs and economic spin-offs in the region,” said Steve Thomson, Minister of Forests, Lands and Natural Resource Operations.
The company’s objective to reopen Chetwynd will create significant benefits for the local community, including 120 jobs at the mill itself. PEG plans to invest up to $50 million in the facility to get ready for the restart, including working capital and capital expenditure.
“All the hard work and discipline that goes into creating an environment that attracts foreign investment pays off with good-paying jobs that support families in communities such as Chetwynd,” said BC Premier Christy Clark.