News Archive: July 2011
Richmond, (BC) – Catalyst Paper (TSX:CTL) posted a net loss of $47.4 million ($0.13 per common share) on sales of $297.8 million during the second quarter of 2011. The net loss increased from $12.9 million ($0.03 per common share) on sales of $303.6 million during the first quarter, due to reduced production and increased maintenance spending. Production at the Powell River and Snowflake mills was affected by extended maintenance downtime and further hampered by fires at both mills during the quarter. A stronger Canadian dollar and higher fibre prices also negatively affected results.
Richmond, BC – Catalyst Paper (TSX:CTL) today announced the appointment of Brian Johnston, to the role of vice president, technical services. Most recently serving as vice president operations, this new assignment will leverage Mr. Johnston’s extensive industry background as the company intensifies its focus on manufacturing consistency and efficiency.