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Plenty of interest in buying Crofton mill
Domtar has retained BMO Capital Markets as companies and investors propose manufacturing and energy uses for the waterfront property.
- Domtar has retained BMO Capital Markets to evaluate potential purchase proposals for The Crofton pulp mill site, with a decision regarding the facility's future expected in the coming months.
- Poor pulp pricing and lack of affordable fibre forced The Crofton facility to close earlier this year, leaving more than 350 well-paid employees out of work.
- Before operations ceased, the mill contributed up to $5 million annually to North Cowichan, serving as the municipality's single largest taxpayer.
- North Cowichan Mayor Rob Douglas noted numerous interested parties have inquired about potential uses including manufacturing and energy production.
- With the mill now shut down, Domtar continues securing the site by removing major chemicals, fibre, and fuels while exploring future possibilities for the waterfront property.
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Lake Cowichan GazetteReposted by 
Peninsula News Review
Peninsula News ReviewPlenty of interest in buying Crofton mill
Numerous companies and investors have expressed an interest in purchasing the Domtar pulp mill site in Crofton since the facility shut down operations earlier this year. Domtar said in a statement that it is exploring a variety of possibilities for the future of the waterfront site, and North Cowichan Mayor Rob Douglas said a number of interested parties have contacted the municipality directly looking to buy the site for a range of potential us…
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Leaning Left2Leaning Right0Center0Last UpdatedBias Distribution100% Left
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