Paper Excellence Entered Into Co-Location Agreement at Prince Albert Mill

SEATTLE (Scrap Monster): Paper Excellence announced that it has signed a non-binding co-location agreement with One Sky Forest Products at its Prince Albert mill site. Further to the agreement, One Sky will co-locate its new oriented strand board (OSB) operations at the site.

The company press release stated that One Sky will occupy approximately one-tenth of the existing mill property. Also, the log storage areas and existing infrastructure, including electrical, natural gas, and rail lines will be shared by both the companies. It must be noted that both Paper Excellence and One Sky had recently received softwood and hardwood fibre allocations from the provincial government of Saskatchewan.

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Carlo Dal Monte, Vice President, Energy and Business Development, Paper Excellence said that he is pleased to announce the agreement with One Sky and begin moving forward on a co-location partnership. The agreement demonstrates the significance of co-operation and collaboration to both the forest industry and to Saskatchewan’s overall economic growth, he added.

Meantime, Brian Fehr, Chairman of One Sky Forests Products noted that the partnership is another indication of the growing strength of the Saskatchewan forest industry. Furthermore, it marks an important milestone in the progress of new OSB facility in Prince Albert, he added.