The closure of Norske Skog will "significantly" impact another major Albury-Wodonga business, with Border Express now assessing whether any redundancies will occur over the next few months.
The mill was purchased by paper giant Visy, who take over the site in March. Visy said feasibility studies into potential future uses of the site would be undertaken, but no further detail has been provided.
Border Express director Geoff Luff, whose father Max founded Albury Border Transport in 1957, said the company had a long and productive business relationship with Norske Skog.
He said it was now reviewing the exact implications of the closure.
"There's been a 30-year association between Border Express and Norske Skog, it's been a wonderful partnership," he said. "We were very sad to see its demise. It will have some significant effects [on Border Express]."
Mr Luff said in the past decade Border Express had widened its focus beyond Albury-Wodonga because manufacturing in the region had dwindled considerably.
"We've been working for some years to take away the reliance on the Albury market," he said. "There's very little manufacturing done here now.
"In Albury-Wodonga, there's been a real one-way traffic of businesses leaving the district in the last 10 to 12 years."
Mr Luff said Border Express was built off the business generated by four major manufactures with factories in the region - Norske Skog, Moore Paragon, Kimberly Clarke and Borg Warner.
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Border Express has had a 30-year association with Norske Skog at Ettamogah.
Campell's Cash and Carry, ACI Petalite Recycling Plant Wodonga were also a significant part of Border Express jobs in the region.
"Not one is still here," he said.
"There are a lot of people moving to the area, people are moving in but it seems jobs are moving out."
Mr Luff said it would be some time before Visy was operational at the Albury mill, if the company chose to manufacture there, and businesses like Border Express would have to make decisions in the meantime.