Home / Knowledge / News / Textiles / Quebec mill ventures in to rising rayon market
Quebec mill ventures in to rising rayon market
29
Jul '10
Quebec-based town Thurso's attempt at reviving its economy is in the real sense, arriving in the form of shipments through the Ottawa River. The town's first delivery of heavy industrial equipment from Finland is scheduled for arrival next month.

These equipments, as heard, will be utilised in transforming Thurso's hardwood pulp mill in to a plant that produces a key ingredient, which can be used to manufacture rayon, a fibre in vast demand in Asia and around the globe.

Fortress Paper Incorporation from Vancouver has purchased three digesters and other special processing equipments from Stora Enso Oyi Cellulose Incorporation based in Finland. This purchase was made as part of its daring move to convert Thurso mill from pulp used to create paper, which is a falling market, to dissolving pulp, which is used to manufacture rayon, a product in vast demand and bright future.

Chadwick Wasilenkoff, Chairman and CEO of Fortress, is the brain behind this strategic move, as he always hunts for opportunities in ignored or depressed sectors. Explaining is new move; Wasilenkoff said that, there wasn't enough dissolving pulp in the market, to meet with the increasing demand for rayon.

Rayon is slowly turning in to an alternative for cotton, as it bears similar characteristics, but is more absorbent and breathable. More over, rayon is well-positioned owing to the falling supply of cotton, worldwide, as farmers are shifting to cheaper crops, averred Wasilenkoff.

Fortress will be investing $153 million for the mill makeover, which also includes establishment of a co-generation plant. Around $102.4 million will be provided by Investissement Quebec as loan and another $25 million or so is present in the federal credits and other financial incentives under the green infrastructure program.

Wasilenkoff, on his return from China, informed that, he was overjoyed by the rising demand, he witnessed, for dissolving pulp from rayon producers.

Thurso mill has around 300 people as employees and it is anticipated that it might produce 200,000 tons per year of dissolving pulp. Infact Wasilenkoff expects good profit margins, considering the spot price for the commodity in the $1,650 per ton bracket and the net production and delivery costs to come to around $600.

Fibre2Fashion News Desk - India


Must ReadView All

Pakistan govt notifies 50% duty drawback on exports

Textiles | On 21st Oct 2017

Pakistan govt notifies 50% duty drawback on exports

The Pakistan government has notified the ‘Duty Drawback of Taxes...

Ghana sets up task force to clamp down on textile piracy

Textiles | On 21st Oct 2017

Ghana sets up task force to clamp down on textile piracy

Ghana’s ministry of trade and industry has set up a taskforce to...

Courtesy: Coach

Fashion | On 21st Oct 2017

US company Coach to change name to Tapestry from Oct 31

Coach Inc., a New York-based house of modern luxury accessories and...

Interviews View All

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

October 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
77.1%
No
12.9%
Skip
10.0%

Total Votes: 70

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.4%
No
28.6%
Skip
10.0%

Total Votes: 70

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
85.7%
No
10.0%
Skip
4.3%

Total Votes: 70

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
75.7%
No
11.4%
Skip
12.9%

Total Votes: 70


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search