Vancouver, BC – Catalyst Paper (TSX:CTL) announced a $12 million capital upgrade and the restart, by mid-year, of the No. 4 paper machine at its Port Alberni mill. The investment in the mill’s thermo-mechanical pulp facility and restart of the machine was approved by the company’s Board of Directors today. The Board also approved a $14 million early retirement and severance package associated with a new labour agreement.
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.