News Archive: April 2011

Annual Meeting

The Annual Meeting was held on Thursday April 28, 2011 in the Delta Vancouver Airport Hotel,.

Foreign exchange, rising costs impact Catalyst Paper in Q1

Richmond, (BC) – Catalyst Paper (TSX:CTL) posted a net loss of $12.9 million ($0.03 per common share) on sales of $303.6 million in the first quarter of 2011, reflecting a post-holiday season plateau in paper markets. Sales revenues were negatively impacted by the above-par Canadian dollar; however a foreign exchange gain was recorded on the translation of U.S. dollar denominated debt. In the previous quarter, net earnings of $9.6 million ($0.02 per common share) were recorded on sales of $333.6 million.

Catalyst Paper's Snowflake Mill to restart production

Richmond, BC – Catalyst Paper (TSX:CTL) today advised that it expects both paper machines will be back in production Thursday after a fire in the storage yard at its Snowflake, Arizona mill on Monday destroyed approximately 11,000 tonnes of recovered old newspapers (ONP).

Catalyst Snowflake Mill to take production curtailment

Richmond, BC – Catalyst Paper (TSX:CTL) today announced that its Snowflake mill will curtail production by approximately 5,500 tonnes of recycled newsprint in order to adjust for limited availability of affordable, quality waste paper.

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