Reporter
THE COUNTRYâS sole newsprint manufacturer is looking to restart operations in the second half after it stopped production last year.
Trust International Paper Corp. (TIPCO) had let go of 258 direct employees in June 2020 when it stopped manufacturing operations due to pandemic-related constraints, TIPCO Chief Operating Officer Edgar Pataroque told the Tariff Commission at a public hearing on Tuesday.
Mr. Pataroque said the pandemic halted the industryâs recovery from the effects of import competition.
âThe economic effect of this pandemic caused market demand to (become) severely depressed. Based on market expertsâ projections, there will be very little market demand for the companyâs products in the foreseeable future,â he said.