Big Boost in Newfoundland10 Jan 2018 09:58
The USA has slapped a 10% tariff on our local paper mill in Corner Brook. It was already facing possible another serious issue which I wont go into, but between them both, they have put the future of the company on the island in doubt.
The whole timber industry is based around the mill and if it goes it will be catastrophic not only to the timber industry but to the whole west coast economy, and the economy of the province as a whole.
What this means is that now the government is going to be looking at how they can fill this big black hole, and if AEG can resolve its credibility issues, it is in a very good position to take advantage of the situation.
I would suggest AEG find themselves a local partner as the local government and people do not like/trust outsiders too much, though obviously not Holson as their name is toxic in the industry and to the public.
Anyway, I thought you would like some good news from me for a change.