Resolute Cuts Newsprint Production

摘要

Resolute Forest Products Inc. reported the permanent closure of 465,000 metric tons of newsprint production capacity in Canada. This capacity reduction will be achieved with the permanent closure of the Iroquois Falls (Ontario) newsprint mill, as well as paper machine #1 at Baie-Comeau (Quebec) and paper machine #4 at Clermont (Quebec). Resolute's decision to reduce newsprint capacity is a result of the ongoing weakness in the global newsprint business, exacerbated by fiber-related issues, including both availability and costs, as well as transportation challenges. In Quebec, power costs played a role in these decisions, as well as the spruce budworm infestation.