Thunder Bay Pulp and Paper is shutting down its newsprint mill operations due to a 40% decline in North American demand since its acquisition by Atlas Holdings in 2022, affecting 150 employees. CEO Norm Bush noted the market’s persistent softness and projected further declines. The company will transition to operate as a single-line Softwood Kraft mill, focusing on renewable energy and exploring future product possibilities. Ontario’s government plans to support affected workers and is urging federal assistance for the sector.
