Catalyst Announces Powell River Land Sale
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Catalyst Paper Corp., Richmond, B.C., Canada, this week announced the sale of approximately 250 hectares of surplus land in Powell River, B.C., for $4.5 million. The forested land is adjacent to the Powell River mill site.
While the land was previously harvested by predecessor companies, it has never been the site of manufacturing activity. Catalyst had no plans to use this parcel of land.
Catalyst Paper manufactures various printing papers such as coated freesheet, C1S, coated and uncoated groundwood, newsprint, and directory, as well as market pulp. With five mills across North America, Catalyst has an annual production capacity of 2.3 million metric tons.
