Pulp sale
Winstone, Ltd, announced that it has reached agreement with the Chuetsu Pulp Industry Company, Ltd, of Japan to supply 32,000 tonnes of thermo-mechanical pulp to a Chuetsu paper manufacturing subsidiary, the. Tonanii Paper Company, Ltd. The pulp, which will be supplied over a two year period backdated to March of this year, is to come from Winstone’s thermo-mechanical pulp mill at Karioi.
The pulp sale, which is worth more than $10,000,000 at current prices, comes, after extensive negotiations conducted by senior Winstone
executives, in conjunction with the Japan Pulp and Paper Company, and Chuetsu executives during the last nine months.
Basic agreement on the terms of the contract was reached in February, and was followed by a shipment of the first 4000 tonnes of pulp to Chuetsu in March. The contract was ratified in June and signed in Japan by representatives of Winstone, Chuetsu, and Tonami. -
Shipments will be made quarterly; , the next shipment leaves for Japan in September.
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Bibliographic details
Press, 16 August 1980, Page 18
Word Count
161Pulp sale Press, 16 August 1980, Page 18
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