FORT FRANCES, ON, May 6, 2014 /CNW Telbec/ - Resolute Forest Products
Inc. (NYSE: RFP) (TSX: RFP) today announced the permanent closure of
its previously idled pulp and paper mill in Fort Frances, Ontario.
The company announced an extended period of market-related outage on its
remaining paper machine in January. The kraft pulp mill and another
paper machine have been idled since November of 2012.
"We tried hard to find a way to reposition these assets, particularly
the pulp mill. But unfortunately, due to end product markets, the
mill's operational configuration and its cost position, we've concluded
that there was no economically viable option for the pulp and paper
operations at Fort Frances," said Richard Garneau, president and chief
The company will provide appropriate notice to staff who were retained
to manage the idled facility. Resolute will also work with affected
employees, all levels of government and other local authorities on
programs to lessen the impact of this permanent closure. Affected
employees will be considered for job vacancies and opportunities at
other company facilities.
Resolute is currently exploring opportunities to continue to operate the
biomass boiler and electricity-producing steam turbine. The company is
also progressing on three important investment initiatives underway in
Northwestern Ontario: the construction of a new sawmill in Atikokan;
the upgrade and restart of the idled Ignace sawmill; and the
construction of a wood pellet plant at the Thunder Bay sawmill.
About Resolute Forest Products
Resolute Forest Products is a global leader in the forest products
industry with a diverse range of products, including newsprint,
specialty papers, market pulp and wood products. The company owns or
operates over 40 pulp and paper mills and wood products facilities in
the United States, Canada and South Korea, and power generation assets
in Canada. Marketing its products in close to 90 countries, Resolute
has third-party certified 100% of its managed woodlands to at least one
of three internationally recognized sustainable forest management
standards. The shares of Resolute Forest Products trade under the stock
symbol RFP on both the New York Stock Exchange and the Toronto Stock
Resolute and other member companies of the Forest Products Association
of Canada, as well as a number of environmental organizations, are
partners in the Canadian Boreal Forest Agreement. The group works to
identify solutions to conservation issues that meet the goal of
balancing equally the three pillars of sustainability linked to human
activities: environmental, social and economic.
SOURCE: Resolute Forest Products Inc.
For further information:
Rémi G. Lalonde
Vice President, Investor Relations
Media and Others
Xavier Van Chau
Director, Communications and Corporate Social Responsibility