Domtar to Take Market Downtime at its Lebel-sur-Quevillon Pulp Mill, 2 Weeks
Press release from the issuing company
MONTREAL, June 21 - In order to ensure the balance between supply and demand, Domtar Inc. announced today that it will be taking market downtime at its Lebel-sur-Quevillon pulp mill from July 2nd to July 16th, 2001.
Once the transaction with Georgia-Pacific is completed during the third quarter 2001, the annual net sales of the new Domtar should reach $CDN 6 billion, of which approximately 75% will be in the United States. With a team of approximately 12,500 employees across North America, the new Domtar will be the second largest producer of uncoated freesheet in North America and the third largest in the world. Domtar will become a leading manufacturer of business, printing, specialty and technical papers. Domtar manages close to 36 million acres of forest land in Canada and in the United States and its forest management practices on all of these lands have or will be certified ISO 14001 or according to the standards of the Forest Stewardship Council by the end of the year. Domtar is also a significant supplier of lumber in eastern North America. Finally, Domtar owns 50% of Norampac Inc., the largest Canadian producer of containerboard and corrugated containers.
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