GREY:FTPLF - Post by User
Comment by
Nighthawk40on Jun 12, 2011 2:58pm
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Post# 18704575
RE: Lebel Sur Quevillon (Re-visited)
RE: Lebel Sur Quevillon (Re-visited)Lebel-sur-Quévillon Pulp Mill and Sawmill
Pursuantto the decision in the fourth quarter of 2008 to permanently shut downthe Lebel-sur-Quévillon pulp mill and sawmill of the Papers and Woodreportable segments, respectively, we have recorded anon-cash write-off of $4 million related to fixed assets at bothlocations consisting mainly of a turbine, a recovery system and sawlines. The write-off represents the difference between the estimatedliquidation or salvage value of the fixedassets and their carrying values.