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Catalyst receives favourable U.S. ruling on countervailing duties

Friday, April 21, 2017

Press release from the issuing company

Richmond, (BC) – The U.S. Department of Commerce (DOC) has issued Final Results of its expedited review of Catalyst Paper and found the company received a negligible (de minimis) amount of subsidies during the applicable review period.

“We are pleased with the result, which confirms the DOC’s November 2016 preliminary finding that Catalyst did not receive any material subsidies from the provincial or federal governments,” said Joe Nemeth, President & Chief Executive Officer.

Going forward, Catalyst will be excluded from the countervailing duty (CVD) order on supercalendered (SC) paper.

“Catalyst would like to recognize and thank Premier Christy Clark and her government, along with the Government of Canada, for their defence of our company, our workers and our operating communities in this lengthy, cross-border trade dispute,” said Nemeth.  

 

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