ESPANOLA, ON, Sept. 15, 2014 /CNW Telbec/ - The Corporation of the Town
of Espanola and Domtar Inc. are pleased to announce that an agreement
has been reached resolving outstanding tax matters.
"We are relieved to arrive at a resolution with Domtar Inc.," says Mayor
Mike Lehoux, "This agreement will help to stabilize taxation and
contribute to an economic, social and cultural climate conducive to
"We are pleased to have reached this important agreement with the Town,"
said Scott Mosher, general manager of the Espanola pulp and paper
mill. "We believe it is in our mutual interest to ensure a sustainable
mill operation in Espanola and contribute to a sustainable community,
and we believe this agreement accomplishes these objectives."
The agreement settles outstanding matters with respect to the mill's
assessed value from 2009-2016 and industrial tax rates from 2013-2016.
About the Town of Espanola
The Town of Espanola is located on Highway 6 in the Sudbury District of
Northeastern Ontario. It has a population of roughly 5,000 people who
enjoy the benefits of quality lifestyles, natural and heritage
amenities, and essential services. The Town is well-established with a
historical urban townsite, and a significant rural area representing
the amalgamation of two former municipal entities, the Town of Espanola
and the Township of Merritt. The Town functions as a service and retail
centre for the Lacloche - Manitoulin area which has a population of
approximately 40,000. Espanola serves as a junction between the Highway
17 east-west corridor from Sudbury to Sault Ste Marie and Highway 6 to
Manitoulin Island. The Town also functions as a bedroom community for
the urban centre of Sudbury which is only 45 minutes away.
Domtar Corporation (NYSE: UFS) (TSX: UFS) designs, manufactures, markets
and distributes a wide variety of fiber-based products including
communication papers, specialty and packaging papers and absorbent
hygiene products. The foundation of its business is a network of world
class wood fiber converting assets that produce papergrade, fluff and
specialty pulps. The majority of its pulp production is consumed
internally to manufacture paper and consumer products. Domtar is the
largest integrated marketer of uncoated freesheet paper in North
America with recognized brands such as Cougar®, Lynx® Opaque Ultra, Husky® Opaque Offset, First Choice® and Domtar EarthChoice®. Domtar is also a leading marketer and producer of a broad line of
incontinence care products marketed primarily under the Attends®, IncoPack and Indasec® brand names as well as baby diapers. In 2013, Domtar had sales of
US$5.4 billion from some 50 countries. The Company employs
approximately 10,000 people. To learn more, visit www.domtar.com.
SOURCE: Domtar Corporation
For further information:
Regional Manager, Public Affairs
Town of Espanola