Pacific West Commercial Corp are looking to reopen a NewPage paper mill which closed in September last year as it struggled with soaring electricity and shipping costs, a strong Canadian dollar and declining demand. Workers have voted through their union to accept a deal to work on a contract basis.

Japanese pulp company solidifies its position as the world’s biggest pulp trader by buying a 24.9% stake from M-Real in Finnish pulp producer, Metsa Fibre. Increasingly volatile pulp prices are thought to have been a key driver in the deal for M-Real which wanted to reduce its pulp surplus.