Vancouver, BC – Catalyst Paper Corporation (TSX:CTL) today announced that it has entered into a definitive agreement with a subsidiary of AbitibiBowater to acquire its Snowflake Arizona recycled newsprint mill for a total consideration of US$161 million in cash.
Vancouver, BC – Catalyst Paper’s Elk Falls mill at Campbell River continues to feel the effects of coastal fibre constraints as sawmills reduce production levels due to weakening US lumber markets.
The shortage of sawdust furnish will require Elk Falls kraft and containerboard operations to take nine days of curtailment in early March. This will remove about 6,000 tonnes of pulp and 3,500 tonnes of containerboard production.
Vancouver, BC – Catalyst president and chief executive officer Richard Garneau announced today that the company has appointed Steve Boniferro as senior vice-president, human resources.
Mr. Boniferro joined the company on January 8, 2008 bringing more than 25 years of human resource experience in senior positions with both management and labour. Most recently, he was vice-president of Algoma Steel where he led the human resource group since 1998.
Vancouver, BC – Catalyst Paper's Elk Falls mill at Campbell River continues to be affected by the lingering effects of the coastal fibre strike and the deteriorating US lumber market. These factors have combined to slow the restart of coastal sawmills and constrain fibre supply.
As a result, the Elk Falls No. 1 paper machine, which was curtailed in September due to the strike-related fibre shortage, will remain down for the first quarter of 2008. This will reduce the company's newsprint production by 38,000 tonnes to the end of March.