DOMTAR RESPONDS TO RECENT MEDIA REPORTS CONCERNING ITS PRINCE ALBERT,
SASKATCHEWAN FACILITY
TICKER SYMBOL |
UFS (NYSE, TSX) |
MONTREAL, Nov. 16 /CNW Telbec/ - Following recent media reports, Domtar Corporation (NYSE/TSX: UFS) confirms that it is not a party to any reported discussions between the Communications, Energy and Paperworkers Union Local 1120 and Paper Excellence B.V. Domtar also confirms that it is not in any discussions with Paper Excellence B.V., either directly or indirectly, concerning the disposal of the Prince Albert, Saskatchewan facility.
Domtar continues to do the preliminary work required for the demolition of the Prince Albert facility and maintains an open dialogue with the Government of Saskatchewan. These discussions are focused on the potential repurposing of the facility for a use other than northern bleached softwood kraft (NBSK) production.
The Prince Albert pulp and paper mill was permanently closed in the first quarter of 2006 and has not been operated since. The dismantling of the paper machine and converting equipment was completed in 2008. The dismantling of the remaining assets is expected to start in 2011.
About Domtar
Domtar Corporation (NYSE/TSX:UFS) is the largest integrated manufacturer and marketer of uncoated freesheet paper in North America and the second largest in the world based on production capacity, and is also a manufacturer of papergrade, fluff and specialty pulp. The Company designs, manufactures, markets and distributes a wide range of business, commercial printing and publishing as well as converting and specialty papers including recognized brands such as Cougar®, Lynx® Opaque Ultra, Husky® Opaque Offset, First Choice® and Domtar EarthChoice® Office Paper, part of a family of environmentally and socially responsible papers. Domtar owns and operates Domtar Distribution Group, an extensive network of strategically located paper distribution facilities. The Company employs approximately 8,500 people. To learn more, visit www.domtar.com.
Forward-Looking Statements
All statements in this press release that are not based on historical fact are "forward-looking statements." While management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties, and other factors, many of which are outside of our control that could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include, but are not necessarily limited to, those set forth under the captions "Forward-Looking Statements" and "Risk Factors" of the latest Annual Report on Form 10-K filed with the SEC as updated by the Company's latest Quarterly Report on Form 10-Q. Unless specifically required by law, we assume no obligation to update or revise these forward-looking statements to reflect new events or circumstances.
For further information: For further information:
MEDIA AND INVESTOR RELATIONS | FOR MORE INFORMATION |
Pascal Bossé Vice-President Corporate Communications and Investor Relations Tel.: 514-848-5938 |
Bonny Skene Manager Regional Public Affairs Tel.: 807-223-9035 |
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