Canada Fibers Ltd. (CFL) has announced that it has filed a statement of claim with the Superior Court of Ontario asserting damages arising from breach of contract by the City of Hamilton. CFL's decision to file the claim follows over 12 months of negotiations with Hamilton staff that culminated in a recommendation by the City's staff proposing measures to resolve the breach and end the dispute. Unfortunately, Hamilton City Council has rejected the compromise recommended by staff and made it necessary for CFL to seek a remedy in the courts.
The Company will not be making any further statements concerning the action while it is being heard by the Superior Court.
Canada Fibers Ltd. is a leading operator of material recovery facilities in Canada. Since starting as a Toronto-based paper brokerage in 1990, Canada Fibers now owns and/or operates 13 MRFs in Ontario, serving both municipal and commercial customers. In addition, the Company operates a fleet of trucks that collect recyclable materials from both commercial and residential sectors. Some materials recovered by Canada Fibers are recycled into consumer and industrial products through its affiliate, Urban Resource Group. These recycled products include high-quality plastic raw materials in pellet form, coloured garden mulch, and sustainable wood fuel pellets. www.canadafibersltd.com.