(Canada) The announcement that Nanaimo's Madill Equipment has gone bankrupt is just the latest set back in the province's beleaguered forest industry that has seen mills and jobs decimated in the Nanaimo-area and across B.C. over the past few years.

Evidence of just how much B.C.'s coastal forest industry, which has employed about 12,000 people in better days, is suffering is evident at the old Doman mill site in Chemainus where more than 400 pieces of forestry equipment -- including grapple yarders, skidders and logging trucks -- will be going to the highest bidder when the Ritchie Brothers hold a massive auction in a few weeks.

(To read the complete story, click the headline link above)
Comment on this story   Bookmark this story  Email this story  
Comments