Posted AT 3:51 PM EST on 03/11/09
Mill closing 'grim reminder' of industry woes: West Fraser
Vancouver — The head of West Fraser Timber Co. Ltd. said the recently announced closing of its paper mill in Kitimat, B.C., is a “grim reminder” of what happens to high-cost producers in a depressed industry.West Fraser chairman, president and chief executive officer Hank Ketcham apologized Tuesday to investors who have seen the mill lose money for several years.
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