Worthington Industries Inc. plans the Opening of the Mackenzie Mill for next spring

    EDMONTON, Oct. 8 /CNW Telbec/ - Worthington Industries Inc. announced it
plans the opening of its recently acquired Mackenzie Pulp Mill located at
Mackenzie in British Columbia for next spring. This mills production capacity
was approximately 235,000 tons per day of Northern Bleached Softwood Kraft
(NBSK) Pulp, used primarily for production of lightweight and ultra
lightweight coated paper grades and high quality tissue.
    Worthington Industries Inc. has stated the following reasons for the time
chosen of the opening of the Mill:

    - The time required for more financial negotiations in more difficult
      economic conditions
    - Negotiations of chip and sawdust supplies
    - Discussion of cooperation from Federal and Provincial Governments
    - Integration into a global, long-term planning

    The combination of above of all the factors requires time, energy and
money to achieve a good and solid operation situation. Worthington Industries
Inc. is very sensitive to the social and economic impact of lost jobs but is
looking for a long-term and stable solution for all parties with vested
interests and plans to open the Mill when it is perfectly ready to ensure its
    Worthington also stresses the need for cooperation and assistance from
all parties to make the reopening of the Mill a success, which will
undoubtedly result in Mackenzie community development at large.

    About Worthington Industries Inc.

    Dan White, President and CEO of Worthington Industries Inc. has been in
business since 1979, and is also the President and CEO of many other Alberta
and British Columbia based real estate development companies. These companies
are innovative real estate investment, development and management companies,
specializing in the acquisition and redevelopment of multi-family residential
properties, industrial land and commercial properties.
    For more than two decades these real estate companies under Mr. White's
leadership have been respected for the care and attention they give to their
projects. They have all been successful.
    Interested in acquiring and developing forest-oriented industries,
Mr. White recently created a new company, Worthington Industries Inc., which
is dedicated to the acquisition and redevelopment of industrial assets in
sustainable woodland exploitation, sawmills, pulp mills and related power
generation projects, principally using hog fuel and bio-mass as a fuel supply.
    Great opportunities exist to redevelop these assets into a fully
integrated method to optimize the resources available and to realize
integrated, sustainable, long-term development projects.

For further information:

For further information: All regions of Canada: Erik de Pokomandy, GGA
Communications, (514) 393-9500 # 256, edepokomandy@gga-mtl.ca; Source:
Worthington Industries Inc.

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