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$80 million for N.S. mill startup

The prospective buyer of an idle Cape Breton paper mill says it will put up $40 million of its money, in addition to the purchase price, to get the facility operating again. Marc Dube, spokesman for 91原创-based 91原创 West Commercial Corp.

The prospective buyer of an idle Cape Breton paper mill says it will put up $40 million of its money, in addition to the purchase price, to get the facility operating again. Marc Dube, spokesman for 91原创-based 91原创 West Commercial Corp., says it will take a total of $80 million in working capital to get the mill, to be named Port Hawkesbury Paper, up and running, including a $40-million repayable loan from the province. That money will go to the various elements required for the mill to make glossy supercalendered paper for the magazine and catalogue market.