West Fraser to Sell Eurocan Wharf to Rio Tinto
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West Fraser, Vancouver, B.C., Canada, reports that it will sell its deep sea wharf and related assets to Rio Tinto Alcan. The sale, subject to obtaining certain government approvals for the transfer of related permits and licenses, is expected to be completed later this year. The wharf formed part of West Fraser's Eurocan linerboard and kraft paper mill at Kitimat, B.C. which was closed in January 2010.
"We are pleased that this agreement will help to ensure that the wharf can continue to be a major economic generator for Kitimat and the northwest region," said Hank Ketcham, West Fraser's chairman, president, and CEO.
West Fraser is an integrated wood products company producing lumber, wood chips, LVL, MDF, plywood, pulp, and newsprint. The company has operations in western Canada and the southern U.S.
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