Silviculture contractors shorted: NewPage debacle bares Forestry fund flaws

摘要

When asked to discuss the impact of the NewPage Port Hawkesbury (NPPH) mill closure on his operations, RPF Mark Bannerman answers with optimism. As forester for Next Generation Forest Management, Ltd. (NGFM), and part owner of the business - one of many companies that have been left in financial limbo since NewPage sought creditor protection in September - Bannerman is certainly close enough to ground zero to be forgiven a little negativity. "It hurts," he says of the approximately $100,000 owed to NGFM by NewPage, "but we're recouping." Bannerman needs to remain hopeful; NGFM employs 24 people, full-time and seasonal, who are depending on the company's ability to absorb this latest blow.