PAPER industry, PAPER mills, INDUSTRIAL expansion, NEWSPRINT mills
Abstract
The article reports that paper mills in the U.S. and Canada are still continuing their expansion plans despite a decline in the newsprint market in 1958. The Great Lakes Paper Co. mill in Ontario recently installed the world's largest paper making machine. With this, the annual capacity of the Canadian paper industry reached up to 730,000 tons, Meanwhile, the U.S. producers have also increased their annual capacity by 420,000 tons.
The article discusses the increasing French business and investment in Canada and the politics related to the development. French direct investment in Canada has doubled to 400 million dollars since 1960. French President Charles de Gaulle, is aware of the political and economic opportunities in Canada, and in May, 1967 Quebec Premier Daniel Johnson visited him with a plan for a new French-built paper mill for the province. An extremist movement in Quebec is aiming at secession from Canada.
This section offers news briefs related to the economy of Canada as of April 1, 1928 including rapid gain in the industry, construction of a paper mill near Liverpool, Ontario, and total coal output in 1925.
CAPITAL investments, PAPER mills, FOREIGN investments, MANUFACTURING industries
Abstract
The article reports on updates concerning world business. A significant improvement in the capital spending of U.S. industrial firms has been observed. Paper manufacturers in the U.S. are planning to increase their business investments in Canada. The overall improvement in manufacturing-related expenditures of the U.S. in overseas business operations is also noted.
Published
1969
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