Thursday, May 12, 2011

Another Sawmill Goes Bankrupt

Another Buchanan sawmill has entered bankruptcy proceedings.

McKenzie Forest Products filed for bankruptcy protection on April 26 after learning the Hudson sawmill had not secured a wood supply from the province.

Meantime, work continues on the proposed purchase of the former Atikokan Forest Products mill.

A scheduled hearing in Toronto will again look at the possible transfer of a forest license to Eacom Timber of Montreal.