Cabot Gypsum is launching production at a facility that has been in bankruptcy and boarded up for the past three years in Port Tupper, Nova Scotia, as reported in the Cape Breton Post.
The company has revamped and modernized an existing facility that was once owned by Federal Gypsum before it shut down in 2008.
Cabot Gypsum’s sales manager, Reg MacLeod, said the company acquired the plant’s assets earlier this year and is leasing the facility from the government of Nova Scotia.
MacLeod said the company’s received no government funding in getting the facility up and running.
“We’ve just obviously opened and started our production but we expect ... significant job growth in the future once we get going, probably 12 months down the road,” said MacLeod. “It depends on the economy and things like that but we expect it to be nothing compared to the NewPage plant, which was a disaster for the area but we expect job growth to be growing as the plant grows.”
MacLeod said the facility is the province’s only gypsum wallboard plant.
Old Federal Gypsum Plant Reopens
October 24, 2011