Paper Matters — Industry E-newsletter

Some people think the paper industry is yesterday’s news, but for Catalyst, every roll of paper and every bale of pulp presents an opportunity for fresh thinking. It’s a chance to move beyond old habits and look at how we do things, why we do things and what impact we have on the world around us. It means creating a more sustainable product for our customers by keeping environmental, social and economic interests in balance.

Paper Matters casts a fresh light on our products and practices that have direct relevance to our customers’ business. Many find it helpful in making buying decisions that soften their impact on the planet.

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Recent News

Thursday, July 29, 2010

Richmond, BC – Catalyst Paper (TSX:CTL) today announced several changes to its board of directors which take effect July 30, 2010.

Assuming the role of chairman is Benjamin Duster IV, former chairman of Algoma Steel. Mr. Duster joined the Catalyst board in December 2007 bringing 20 years of Wall Street experience. He is a graduate of Harvard Business and Harvard Law Schools and was admitted to the Illinois Bar in 1985. Mr. Duster is a director on several corporate boards including Jazz Air Holding GP Inc.

Thursday, July 29, 2010

Richmond, (BC) – Catalyst Paper (TSX:CTL) recorded a net loss of $368.4 million ($0.96 per common share) on sales of $299.4 million for the second quarter of 2010. Results were significantly impacted by after-tax impairment and closure costs of $302.0 million on the permanent closure of the Elk Falls and Paper Recycling Divisions. The net loss before specific items was $43.9 million ($0.11 per common share) compared to $37.6 million ($0.10 per common share) in the previous quarter. Specific items included a $21.3 million after-tax foreign exchange loss on the translation of long-term debt.

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