AbitibiBowater closes Dalhousie mill
Monday, December 3, 2007 | 11:21 AM AT
Premier Shawn Graham admits the closure of the Dalhousie paper mill is a major setback in an industry already struggling with high energy and wood prices in the province and tough competition in the global marketplace.
Analysts say there may be a turnaround in the forestry sector but it's not imminent and more closures are possible next year.
Of the 61 mills left in New Brunswick, only 16 are operating at full capacity.
The province did everything it could to convince AbitibiBowater not to close its paper mill in Dalhousie, said Natural Resources Minister Donald Arseneault.