Displaying items by tag: Domtar Corporation

Thursday, 07 October 2010 12:00

Domtar announces NEW Cougar® Swatchbook Released

Domtar is proud to announce the release of a new Cougar swatchbook.  With a design that is thoroughly contemporary to reflect current design esthetics and a look that is entirely fresh; the new swatchbook remains an indispensable Domtar reference tool.  Cougar is a smart, economical alternative to the higher-priced text, cover and writing products with a competitive edge for its quality, performance, breadth of line, environmental position and service.

The new Cougar swatchbook includes a one-glance look at samples of Super Smooth, Smooth, Vellum Natural, Digital and Envelope with easy identification of text and cover basis weights and stocking information. Print demonstrations and illustrations throughout the book utilize full ink coverage, proving that with Cougar, every image you print stays crisp and sharp with rich, vivid color.

Domtar is also offering a new line extension to the Cougar family – Cougar 30% Recycled. Cougar already contains 10% recycled content, but sometimes projects require higher recycled content. Available in select sizes in both 80 lb. text and 80 lb. cover, this new offering contains 30% recycled fiber while maintaining the characteristics that make Cougar a go-to sheet for printers, designers and print buyers.

Find out more

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Domtar Corporation has announced that it has sold its Woodland hardwood market pulp mill, hydro electric assets and related assets, located in Baileyville, Maine and New Brunswick, Canada, to International Grand Investment Corporation (IGIC). The purchase price is for an aggregate value of US$60 million plus net working capital of US$4 million. All customary closing conditions have been met.

"The sale of the Woodland mill is part of our strategy to reduce our exposure to hardwood pulp markets; the majority of our market pulp activities are in softwood and fluff pulp grades," said John D. Williams, President and Chief Executive Officer. "Woodland, an early adopter of FSC(R) certification as well as ISO 9000 and 14000, has been responsibly manufacturing quality pulp for several decades. We concluded that this transaction was in the best interest of the company, in terms of strategy, and for the mill as it continues the employment of its dedicated workforce."

Woodland was Domtar's only non-integrated hardwood market pulp mill. It has an annual production capacity of 395,000 metric tons and currently employs approximately 300 people.

International Grand Investment Corporation (IGIC) is a U.S.-based Delaware registered company that represents international, individual investors in pulp trade and imports. This is IGIC's second pulp mill acquisition in the United States this year. IGIC is committed to maintaining and enhancing the Woodland mill's PEFC and FSC(R) certifications, to ensure sustainable and responsible fiber sourcing.

For IGIC media relations please contact Bert Martin at 207-316-8778.

About Domtar

Domtar Corporation (NYSE/TSX:UFS) is the largest integrated manufacturer and marketer of uncoated freesheet paper in North America and the second largest in the world based on production capacity, and is also a manufacturer of papergrade, fluff and specialty pulp. The Company designs, manufactures, markets and distributes a wide range of business, commercial printing and publishing as well as converting and specialty papers including recognized brands such as Cougar(R), Lynx(R) Opaque Ultra, Husky(R) Opaque Offset, First Choice(R) and Domtar EarthChoice(R) Office Paper, part of a family of environmentally and socially responsible papers. Domtar owns and operates Domtar Distribution Group, an extensive network of strategically located paper distribution facilities. The Company employs over 8,700 people. To learn more, visit www.domtar.com.

Forward-Looking Statements

All statements in this press release that are not based on historical fact are "forward-looking statements." While management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties, and other factors, many of which are outside of our control that could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include, but are not necessarily limited to, those set forth under the captions "Forward-Looking Statements" and "Risk Factors" of the latest Annual Report on Form 10-K filed with the SEC as updated by the Company's latest Quarterly Report on Form 10-Q. Unless specifically required by law, we assume no obligation to update or revise these forward-looking statements to reflect new events or circumstances.

SOURCE DOMTAR CORPORATION

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Domtar Corporation is launching its “Paper Because” campaign through advertisements that will appear in major U.S. and Canadian media outlets, including: The Wall Street Journal, The New York Times, The Globe and Mail, Fast Company, Audubon, National Geographic and other consumer and trade publications. The campaign will also feature online banner ads and a series of short videos that will appear in a variety of online media.

 

“There are times when no substitute for paper will suffice – it is how great ideas begin, how the world learns, how important news gets shared and how people meaningfully connect with each other,” said John D. Williams, President and Chief Executive Officer. “What has evolved over time is the continued improvement of our environmentally sound forestry practices, and high levels of recycling, that have made Domtar a leader in the effort to make paper sustainable and renewable.”



Domtar has earned the support of recognized environmental organizations because of its investments to increase forest certification and reduce the environmental impact of its operations. More than three quarters of the energy used at Domtar mills, for example, comes from renewable sources. Domtar has also cut greenhouse gas emissions from continuing operations by 32 percent since 1990, far exceeding the requirements of the Kyoto Protocol.


“The Rainforest Alliance has been working with Domtar for more than a decade, and Domtar has raised the bar for the paper industry when it comes to increasing the supply of fiber from responsibly managed forests, certified to the standards of the Forest Stewardship CouncilTM,” said Rainforest Alliance President Tensie Whelan. “Domtar’s commitment to FSC® certification has made it possible for the Rainforest Alliance to work with forest managers to improve environmental and social conditions on ecologically important forestland and for consumers to easily find FSC® certified paper products.”



Domtar’s “Paper Because” campaign will demonstrate that paper is sustainable, personal and purposeful:
It’s easier to learn on paper, because reading on paper is up to 30 percent faster than reading online. Nearly 60 percent of senior executives prefer print versus online information. Three out of four people have made a purchase as a result of direct mail. Paper is one of the most recycled products on the planet; more than 63 percent of the paper that’s used gets recycled. Domtar collaborates with the Rainforest Alliance and other environmental organizations to encourage environmentally sound, sustainable forestry practices, high levels of recycling and the use of renewable energy at its manufacturing facilities.



“Domtar has been at the forefront of the responsible use of paper because the future of our business is linked to a healthy environment and the availability of both virgin and recycled fiber,” said Mr. Williams. “We’re not just a paper company. We’re a sustainable paper company.”
For more information, please visit www.paperbecause.com.

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cougar_30recy_135x135_rdax_125x125At Domtar we understand environmental responsibility means different things to different people. Sometimes projects have specific needs and require a higher recycled content. That’s why we’re excited to offer new Cougar 30%. This new offering contains 30% post consumer fiber while maintaining its stellar 98 brightness and exceptional performance on press. Cougar 30% is FSC-certified and a premiere member of the Domtar EarthChoice® family of products.

New Cougar 30% is offered in 80 lb Text and 80 lb Cover weights and is an addition to the current Cougar stocking that already contains 10% recycled content. See our updated stocking chart for more information.

More Cougar 30% basis weight options will be coming soon. Cougar IS your product of choice for all your projects.

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Domtar Corporation (NYSE/TSX: UFS) will release its second quarter 2010 financial results before markets open on Friday, July 30, 2010. A conference call will be held to discuss the results at 11:00 a.m. (ET) the same day.

Financial analysts are invited to participate in the call by dialing 1-866-321-8231 (North America) or 1-416-642-5213 (International). Media and other interested individuals are invited to listen to the live webcast at www.domtar.com. A replay will be available by dialing 1-888-203-1112 (North America) or 1-647-436-0148 (International) using access code 2755346 until August 14, 2010.

About Domtar

Domtar Corporation (NYSE/TSX:UFS) is the largest integrated manufacturer and marketer of uncoated freesheet paper in North America and the second largest in the world based on production capacity, and is also a manufacturer of papergrade, fluff and specialty pulp.

The Company designs, manufactures, markets and distributes a wide range of business, commercial printing and publishing as well as converting and specialty papers including recognized brands such as Cougar®, Lynx® Opaque Ultra, Husky® Opaque Offset, First Choice® and Domtar EarthChoice® Office Paper, part of a family of environmentally and socially responsible papers.

Domtar owns and operates Domtar Distribution Group, an extensive network of strategically located paper distribution facilities. The Company employs over 9,000 people. To learn more, visit www.domtar.com.

Published in Financial News
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