Nov 23, 2011. /Lesprom Network/. Terrace Bay Pulp has decided to take 3 months of downtime, starting on November 30, as ForestTalk reported. There had been rumours for months that the pulp mill was struggling. Terrace Bay’s mayor, Mike King, said he believes the decision to idle the mill is simply the fallout from the ongoing slump in the global economy. King said he remains confident that the mill will reopen at the end of February as the company has forecast. “They told me that they will continue to make repairs and invest in the mill during the shutdown, so we take them at their word,” said King. The shutdown is not believed to be linked to last month’s blow tank explosion, which killed an employee. Terrace Bay Pulp restarted in September 2010 after being idle for 20 months after it was able to obtain refinancing, including a $25 million loan from the province. Terrace Bay Pulp is owned by the Buchanan Group and employees 350 people.