Chinese buy a stake in Vancouver Island pulp mill

By Gordon Hamilton, Vancouver Sun January 29, 2010

VANCOUVER — China’s largest producer of rayon fibre has bought an ownership position in a northern Vancouver Island pulp mill, providing it with needed capital and assured access to the Chinese market.

Port Alice’s Neucel Specialty Cellulose announced Friday that it has entered into a deal with Zhejian Fulida Ltd. that will inject new capital and ownership into the northern Vancouver Island pulp mill. Part of the deal includes a long-term supply agreement.

http://cep1123.wordpress.com/2010/01/29/chinese-buy-a-stake-in-vancouver-island-pulp-mill/