Displaying items by tag: catalyst paper

Catalyst Paper (TSX: CYT) has just announced that it has been served with two Notices of Civil Claim by the Halalt First Nation and its business partners. Catalyst denies the allegations contained in both claims and intends to vigorously defend itself.

The first claim was filed by the Halalt and its members alleging Catalyst has illegally trespassed on, and caused damages to, the Halalt's asserted territories and fisheries resources through the operation of Catalyst's Crofton Mill since 1957.  The Halalt is seeking an interim and permanent injunction restraining Catalyst from conducting its operations at the Crofton Mill that interfere with the Halalt's claimed riparian, water and land rights and are also seeking approximately $2 billion in damages.

The second claim was filed jointly by the Halalt, Sunvault Energy Inc. and Aboriginal Power Corp. alleging Catalyst disclosed certain confidential information pertaining to a proposed anaerobic digester facility in breach of a confidentiality agreement. The plaintiffs are seeking, among other things, approximately $100 million in damages from Catalyst in connection with the alleged breach of contract and a permanent injunction restraining Catalyst from constructing, owning or operating an anaerobic digester facility.

About Catalyst Paper

Catalyst Paper manufactures diverse printing papers such as coated freesheet, C1S, coated and uncoated groundwood, newsprint, directory, as well as market pulp. Customers include retailers, publishers and commercial printers in North America, Latin America, the Pacific Rim and Europe. With five mills across North America, Catalyst has annual production capacity of 2.3 million tonnes. Catalyst is headquartered in Richmond, British Columbia, Canada, and is ranked by Corporate Knights magazine as one of the 50 Best Corporate Citizens in Canada.

SOURCE Catalyst Paper Corporation

Catalyst Paper (TSX:CYT)  has announced that it will seek an expedited review of the Final Determination by the U.S. Department of Commerce (DOC), dated October 13, 2015, to impose countervailing duties on the company's exports of supercalendered paper to the U.S.

The DOC imposed preliminary countervailing duties on imports of supercalendered paper from four Canadian paper producers – Port Hawkesbury Paper, Resolute Forest Products, Irving Paper and Catalyst Paper – on July 27, 2015. Despite its statutory obligation to examine each of the companies, the DOC refused to examine Catalyst Paper and Irving Paper individually, and instead assigned them a preliminary "all-others" rate of 11.19%, which is the simple average of the preliminary rates assigned to Port Hawkesbury Paper and Resolute Forest Products.

Since August 4, 2015, based on this rate, Catalyst has deposited to the U.S. treasury approximately $1.3 million, representing sales of 17,000 tonnes of supercalendered paper to U.S. customers.

In its Final Determination, the DOC once again refused to examine Catalyst Paper and Irving Paper individually and instead assigned them a final "all-others" rate of 18.85%, which this time is a weighted average of the final rates assigned to Port Hawkesbury Paper and Resolute Forest Products.

"We are disappointed with this outcome," says Joe Nemeth, President & Chief Executive Officer. "We will seek an expedited review of our case by the U.S. Department of Commerce as soon as possible."

The Coalition for Fair Paper Imports — U.S.-based Madison Paper and Verso Corporation — alleges that the Canadian federal and provincial governments subsidized the four Canadian supercalendered paper producers. Supercalendered paper is glossy paper used in retail catalogues, flyers and magazines.

"Catalyst rejects the allegation that we've received government subsidies, and we're confident that a full and fair investigation by the U.S. Department of Commerce would confirm this," said Nemeth.

Following the DOC's Final Determination, the U.S. International Trade Commission (ITC) will consider whether imports of supercalendered paper from Canada have injured the U.S. industry. If the ITC reaches an affirmative determination, the DOC is expected to issue its Final Order on the case in early December 2015, after which time Catalyst may request an expedited review of its case by the DOC.

About Catalyst Paper

Catalyst Paper manufactures diverse printing papers such as coated freesheet, coated and uncoated groundwood, newsprint, directory, as well as market pulp. Customers include retailers, publishers and commercial printers in North America, Latin America, the Pacific Rim and Europe. With five mills across North America, Catalyst has annual production capacity of 2.3 million tonnes. Catalyst is headquartered in Richmond, British Columbia, Canada and is ranked by Corporate Knights magazine as one of the 50 Best Corporate Citizens in Canada.

SOURCE Catalyst Paper Corporation

For further information:

Investor Contact: Frank De Costanzo, Senior Vice President and Chief Financial Officer, Tel: 604-247-4014, Email: This email address is being protected from spambots. You need JavaScript enabled to view it.; Media Contact: Len Posyniak, Senior Vice President, Human Resources & Corporate Services, Tel: 604-290-3547, Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

This information is being distributed to you by / Cette information vous est transmise par : Catalyst Paper Corporation

Catalyst has announced the sale of approximately 250 hectares of surplus land in Powell River, British Columbia, for $4.5 million.

The forested land is adjacent to the Powell River mill site. While the land was previously harvested by predecessor companies, it has never been the site of manufacturing activity. Catalyst had no plans to use this parcel of land.

About Catalyst Paper Corporation

Catalyst Paper manufactures diverse printing papers such as coated freesheet, C1S, coated and uncoated groundwood, newsprint, directory, as well as market pulp. Customers include retailers, publishers and commercial printers in North America, Latin America, the Pacific Rim and Europe. With five mills across North America, Catalyst has annual production capacity of 2.3 million tonnes. Catalyst is headquartered in Richmond, British Columbia, Canada, and is ranked by Corporate Knights magazine as one of the 50 Best Corporate Citizens in Canada.

SOURCE Catalyst Paper Corporation

For further information:

Investor Contact: Frank De Costanzo, Senior Vice President and Chief Financial Officer, 604-247-4014, This email address is being protected from spambots. You need JavaScript enabled to view it.; Media Contact: Fred Chinn, Vice President & General Manager, Powell River Mill, 604-483-2715, This email address is being protected from spambots. You need JavaScript enabled to view it.; Eduarda Hodgins, Director, Organization Development & Communications, 604-247-4369, This email address is being protected from spambots. You need JavaScript enabled to view it.

Catalyst Paper (TSX: CYT) has announced the launch of an expanded Oxford C1S line-up of products for multiple market segments, including Cut and Stack Labels, Commercial C1S & Lamination and Pressure Sensitive applications.

Building on its twenty-plus year reputation for high-quality results, the Oxford C1S line-up offers best in class performance in an expanded range of basis weight and brightness options with:

• Best in Class Quality and Performance
• Optimal Shades, Surfaces and Strengths
• Layflat and Stayflat properties
• The leading Innovation Management and Support team in the specialty papers industry
• Fast track line extensions, nimble response times and unique product development
• Established supply chain infrastructure
• Availability in rolls and sheets
• Multilingual sales representation

"Oxford C1S has a long history of quality and performance and we're thrilled to bring this new expanded range of products to the C1S market. We're confident these new options and our industry leading service will continue to be a very compelling combination," says Matt Hickey, Senior Director, Specialty Papers.

Catalyst papers are available as certified chain-of-custody under FSC, PEFC or SFI programs, and also available with up to 30% post-consumer waste. For product benefits and specifications, please see our website at www.catalystpaper.com/products.

About Catalyst Paper Corporation
Catalyst Paper manufactures diverse printing papers such as coated freesheet, C1S, coated and uncoated groundwood, newsprint, directory, as well as market pulp. Customers include retailers, publishers and commercial printers in North America, Latin America, the Pacific Rim and Europe. With five mills across North America, Catalyst has annual production capacity of 2.3 million tonnes. Catalyst is headquartered in Richmond, British Columbia, Canada and is ranked by Corporate Knights magazine as one of the 50 Best Corporate Citizens in Canada.

SOURCE Catalyst Paper Corporation

For further information:

Matt Hickey, Senior Director, Specialty Papers, This email address is being protected from spambots. You need JavaScript enabled to view it., 312-953-5383

This information is being distributed to you by / Cette information vous est transmise par : Catalyst Paper Corporation

2nd Floor, 3600 Lysander Lane, Richmond, BC, V7B 1C3, Canada
www.catalystpaper.com

Catalyst Paper (TSX: CYT) has announced its decision to indefinitely curtail the Rumford mill's No. 12 paper machine, which was temporarily curtailed on May 20, 2015.

This decision is fully market-related. North American paper markets continue to be challenging with a decline in demand for coated paper, which is manufactured on the No. 12 paper machine at the Rumford mill in Maine. Paper produced on No. 12 is used primarily in magazines, catalogues and commercial printing applications.

On May 20 the company temporarily curtailed the No. 12 paper machine and laid off 51 employees due to a decline in demand for coated paper. As transition and job loss mitigation stemming from this curtailment has already been completed, no additional layoffs are expected as a direct result of this announcement.

"This is a difficult, but necessary decision that supports Catalyst's commitment to align mill operations and production with market demand," said Joe Nemeth, President and Chief Executive Officer.

"We remain committed to making the Rumford operation successful. Year to date, we've invested more than $10 million in upgrades to the mill, including major maintenance related to the recovery boiler. The company is also implementing a proven revitalization program to increase productivity, and developing new, higher-value products to optimize Rumford's production capability."

About Catalyst Paper
Catalyst Paper manufactures diverse printing papers such as coated freesheet, coated and uncoated groundwood, newsprint, directory, as well as market pulp. Customers include retailers, publishers and commercial printers in North America, Latin America, the Pacific Rim and Europe. With five mills across North America, Catalyst has annual production capacity of 2.3 million tonnes. Catalyst is headquartered in Richmond, British Columbia, Canada and is ranked by Corporate Knights magazine as one of the 50 Best Corporate Citizens in Canada.

SOURCE Catalyst Paper Corporation

For further information:

Investor Contact: Frank De Costanzo, Senior Vice-President and Chief Financial Officer, 604-247-4014

Catalyst (TSX: CYT) has announced the appointment of Walter Tarnowsky as Vice President & General Manager of the Port Alberni mill and Graham Kissack as Vice President, Corporate Social Responsibility. Both appointments are effective October 1, 2015.

Walter, who joined Catalyst in 2000, brings to his new role more than two decades of pulp and paper industry experience. Most recently, Walter was Catalyst's Director, Paper Mill Productivity, responsible for paper machine quality and productivity. He holds a B.A.Sc. (Chemistry/Energy and Fuel Science).

As Vice President, Corporate Social Responsibility, Graham will lead the further development of Catalyst's corporate social responsibility strategy. Graham brings extensive experience and expertise to his new role, having played a leadership role in the company's industry-leading sustainability initiatives since joining Catalyst in 1993. He holds a B.A.Sc., an M. Eng. and an M.B.A.

About Catalyst Paper Corporation

Catalyst manufactures diverse specialty mechanical printing papers, newsprint and pulp. Its customers include retailers, publishers and commercial printers in North America, Latin America, the Pacific Rim and Europe. With five mills across North America (the Rumford mill was acquired in January 2015), Catalyst has annual production capacity of 2.3 million tonnes. Catalyst is headquartered in Richmond, British Columbia, Canada, and is ranked by Corporate Knights magazine as one of the 50 Best Corporate Citizens in Canada.

SOURCE Catalyst Paper Corporation

For further information:

Investor Contact: Frank De Costanzo, Senior Vice-President and Chief Financial Officer, 604-247-4014, This email address is being protected from spambots. You need JavaScript enabled to view it.; Media Contact: Eduarda Hodgins, Director, Organization Development & Communications, 604-247-4369, This email address is being protected from spambots. You need JavaScript enabled to view it.

Catalyst Paper (TSX:CYT) has reported second quarter financial results, which were negatively impacted by a number of significant, one-time events. Despite these events, operational initiatives are tracking well, positioning the company to deliver significantly improved results.

Adjusted earnings before tax, depreciation and amortization (EBITDA) was negative $19.2 million, and adjusted EBITDA before specific items was positive $9.7 million, compared to adjusted EBITDA of $14.0 million and adjusted EBITDA before restructuring costs and specific items of $14.6 million in the first quarter of 2015.

The company recorded a net loss of $32.4 million and a net loss before specific items of $13.8 million in Q2, compared to net earnings of $22.2 million, and a net loss before specific items of $12.6 million in the previous quarter.

Significant one-time items that negatively impacted operating results in the quarter included a recovery boiler upgrade at the Rumford mill, the cost and production impact of an oxygen plant outage at the Crofton mill, market curtailments at the Port Alberni, Powell River and Rumford mills, restructuring costs related to training and staffing changes resulting from the Powell River revitalization initiative, and legal fees associated with addressing the countervailing duty petition filed against Catalyst.

"Without the impact of these major one-time items, our results reflect a continued focus on performance improvement, led by our Canadian operations which have benefited from earlier implementation of operational excellence strategies," said Joe Nemeth, President & Chief Executive Officer. "We anticipate that with the majority of our U.S. investments and integration costs behind us, our U.S. operations will follow the Canadian template for performance improvement. These investments, combined with our product mix improvements, and seasonally stronger sales in the third and fourth quarters, positions the company to deliver significantly improved financial results in the second half of 2015."

Quarter Highlights

Catalyst completed a $16.0 million investment upgrading the Rumford mill's Recovery Boiler C on time and on budget, replacing the 35-year-old generating bank. As the Rumford mill is exposed to significant seasonal energy cost fluctuations, the upgrade is a major building block to improve energy efficiency, reduce costs and increase seasonal electricity sales.

In Canada, the Powell River Revitalization Program is tracking ahead of plan on its goal to deliver a step change in its cost competitiveness. The learnings of the Revitalization Program will be rolled out to the U.S. divisions in the second half of 2015, with the same objective of realizing step change performance improvement. The Crofton pulp mill, excluding the impact of the oxygen plant related outage, ran well and continues to achieve new productivity targets.

Challenging market conditions resulted in curtailments being taken concurrent with maintenance shutdowns at the Powell River and Port Alberni mills in Canada, and the Rumford mill in the U.S. The curtailments resulted in production losses of approximately 7,200 tonnes of uncoated paper at Powell River, approximately 13,600 tonnes of directory and coated groundwood paper at Port Alberni, and approximately 24,700 tonnes of coated groundwood, coated freesheet and coated one-sided specialty paper at Rumford.

Production was also impacted by an outage at the Crofton mill, which was caused by mechanical failure in the oxygen plant, resulting in lost production of approximately 8,800 tonnes of newsprint and 8,700 tonnes of pulp

Market Conditions

Market conditions remained challenging in the second quarter. Pricing and demand for newsprint and directory continued to decline due to oversupply from all regions. Printing and writing paper markets were also challenging as the traditional seasonal slowdown affected demand. In addition, the strong U.S. dollar has resulted in increased imports from Europe and Asia. On a positive note, pulp pricing and demand remained relatively stable through the quarter as maintenance downtimes helped to keep global supply and demand in check.

Imposition of Countervailing Duties

The U.S. Department of Commerce (DOC) issued its Preliminary Determination today to impose countervailing duties on Canadian imports of supercalendered paper (SC paper) from Catalyst Paper and three other Canadian SC paper producers, including Port Hawkesbury Paper, Resolute Forest Products and Irving Paper. The DOC refused to examine each paper company individually in its investigation. Catalyst was assigned an "all-others" countervailing duty rate of 11.19%, an average rate of the two companies for whom individual investigations were conducted – Port Hawkesbury Paper and Resolute Forest Products.

Catalyst is reviewing DOC's Preliminary Determination and its potential financial implications on its operations. Having said that, Catalyst rejects the DOC's premise that the company has received subsidies from the Canadian federal and provincial governments, and will be seeking an expedited review by the DOC after the agency issues its Final Countervailing Duty Order in December 2015.

Outlook

For the second half of 2015, we expect that seasonally strong sales demand, reduced maintenance and integration costs, and the substantial investments made in the preceding two quarters in value-adding projects, positions us to achieve significantly improved results.

Further Quarterly Results Materials

This release, along with the full Management Discussion & Analysis, Financial Statements and accompanying notes are available on our web site at www.catalystpaper.com/Investors. This material is also filed with SEDAR in Canada and EDGAR in the United States.

About Catalyst Paper

Catalyst Paper manufactures diverse printing papers such as coated freesheet, coated and uncoated groundwood, newsprint, directory, as well as market pulp. Customers include retailers, publishers and commercial printers in North America, Latin America, the Pacific Rim and Europe. With five mills across North America, Catalyst has annual production capacity of 2.3 million tonnes. Catalyst is headquartered in Richmond, British Columbia, Canada and is ranked by Corporate Knights magazine as one of the 50 Best Corporate Citizens in Canada.

SOURCE Catalyst Paper Corporation

For further information:

Frank De Costanzo, Senior Vice President & Chief Financial Officer, (604) 247-4014

This information is being distributed to you by / Cette information vous est transmise par : Catalyst Paper Corporation

2nd Floor, 3600 Lysander Lane, Richmond, BC, V7B 1C3, Canada
www.catalystpaper.com

The U.S. Department of Commerce (DOC) has issued its preliminary decision to impose countervailing duties on Canadian imports of supercalendered paper.

The Coalition for Fair Paper Imports - U.S.-based Madison Paper and Verso Corporation - petitioned the DOC in February 2015 and asked it to impose countervailing duties on imports of supercalendered paper from Canadian paper producers Port Hawkesbury Paper, as well as Resolute Forest Products, Irving Paper and Catalyst Paper. The Coalition alleges that Canadian supercalendered paper producers are subsidized by the Canadian federal and provincial governments. Supercalendered paper is glossy paper used in retail catalogues, flyers and magazines.

"Catalyst rejects the allegation that we've received government subsidies, and we're confident a full and fair investigation would confirm this," said Joe Nemeth, President & CEO. "We will continue to work with the Canadian federal and provincial governments, and we will seek an expedited review of our case by the DOC."

In its investigation, the DOC refused to examine each paper company individually. The U.S. agency examined Port Hawkesbury Paper and Resolute Forest Products, and assigned each company a rate of 20.33% and 2.04% respectively, but did not investigate Catalyst Paper or Irving Paper. Instead, the DOC assigned Catalyst and Irving an "all-others rate" of 11.19%, which is equal to the average of the rates that the DOC assigned to the other two companies.

The decision issued today is only a Preliminary Determination by the DOC of the duty. The Final Determination of the duty will be rendered on October 13, 2015, and its Final Order in early December 2015.

About Catalyst Paper

Catalyst Paper manufactures diverse printing papers such as coated freesheet, coated and uncoated groundwood, newsprint, directory, as well as market pulp. Customers include retailers, publishers and commercial printers in North America, Latin America, the Pacific Rim and Europe. With five mills across North America, Catalyst has annual production capacity of 2.3 million tonnes. Catalyst is headquartered in Richmond, British Columbia, Canada and is ranked by Corporate Knights magazine as one of the 50 Best Corporate Citizens in Canada.

SOURCE Catalyst Paper Corporation

For further information:

Investor Contact: Frank De Costanzo, Senior Vice President & Chief Financial Officer, 604-247-4014, This email address is being protected from spambots. You need JavaScript enabled to view it.; Media Contact: Eduarda Hodgins, Director, Organization Development & Communications, 604-247-4369, This email address is being protected from spambots. You need JavaScript enabled to view it.

Catalyst Paper Corporation (TSX:CYT) has announced that due to operating issues that have been fully resolved, the Crofton mill has incurred production losses of approximately 8,600 tonnes of pulp and 8,600 tonnes of paper in the month of June. These production losses will not impact current customer orders but will reduce second quarter EBITDA approximately $5 to 6 million.

No health or environmental issues occurred during this period, and the mill has returned to production capacity.

About Catalyst Paper Corporation

Catalyst manufactures diverse specialty mechanical printing papers, newsprint and pulp. Its customers include retailers, publishers and commercial printers in North America, Latin America, the Pacific Rim and Europe. With five mills across North America, Catalyst has annual production capacity of 2.1 million tonnes. Catalyst is headquartered in Richmond, British Columbia, Canada and is ranked by Corporate Knights magazine as one of the 50 Best Corporate Citizens in Canada.

SOURCE Catalyst Paper Corporation

For further information:

Eduarda Hodgins, Director, Organization Development & Communications, 604-247-4369, This email address is being protected from spambots. You need JavaScript enabled to view it.

Catalyst Paper Corporation (TSX:CYT) has announced the appointment of Frank C. De Costanzo as Senior Vice President and Chief Financial Officer.

A seasoned treasury and finance executive with significant experience and banking relationships across the globe, Mr. De Costanzo joins Catalyst from Kinross Gold Corporation, one of the world's largest gold mining companies, where he has served as Vice President and Global Treasurer since 2010.

Prior to Kinross, he held a progression of senior financial roles with Pitney Bowes Inc., The Dai-Ichi Kangyo Bank, Ltd. and Union Bank of Switzerland AG in North America, Europe and Asia. Mr. De Costanzo holds a Bachelor of Science degree in Finance and a Master of Business of Administration degree.

"I am very pleased to welcome Mr. De Costanzo to Catalyst," said Joe Nemeth, President and Chief Executive Officer. "His depth of finance and treasury experience, combined with his extensive global relationships, and proven success at large and complex businesses will serve Catalyst well."

Frank will join Catalyst on July 20^th, 2015.

About Catalyst Paper
Catalyst Paper manufactures diverse printing papers such as coated freesheet, coated and uncoated groundwood, newsprint, directory, as well as market pulp. Customers include retailers, publishers and commercial printers in North America, Latin America, the Pacific Rim and Europe. With five mills across North America, Catalyst has annual production capacity of 2.3 million tonnes. Catalyst is headquartered in Richmond, British Columbia, Canada and is ranked by Corporate Knights magazine as one of the 50 Best Corporate Citizens in Canada.

SOURCE Catalyst Paper Corporation

For further information:

Investor inquiries: Joe Nemeth, President & CEO, 604-247-4012, This email address is being protected from spambots. You need JavaScript enabled to view it.; Media inquiries: Eduarda Hodgins, Director, Organization Development & Communications, 604-290-3547, This email address is being protected from spambots. You need JavaScript enabled to view it.