Displaying items by tag: domtar

Domtar Corp. has announced an agreement with Paper Excellence Canada Holdings Corporation for the sale of its Prince Albert, Saskatchewan, assets.


Paper Excellence will convert the former pulp and paper mill to the production of dissolving pulp, a product intended for the viscose textile market.


The transaction is expected to close in the second quarter of 2011, but is contingent on a few conditions. Paper Excellence and the government of Saskatchewan must reach agreement on fibre allocation, the purchase of excess power, and the division of responsibilities between the government and the buyer for past environmental liabilities. Also, the buyer must negotiate a new collective agreement with the local labour union.


According to a statement from the government of Saskatchewan, Paper Excellence will be investing more than $200 million in the conversion of the mill and creating hundreds of construction jobs in addition to the projected 200 mill jobs. The conversion is expected to take between 18 and 24 months to complete.


The Prince Albert mill was permanently closed in the second quarter of 2006 and has not been operated since. Domtar acquired the assets in 2007 as part of a transaction with Weyerhaeuser Company. Domtar completed the dismantling of the mill's paper machine and converting equipment in 2008.


The pulp mill portion of the facility was built in 1966. At the time it was shut down in 2006 it had an annual capacity of 145,000 t/y of bleached softwood and hardwood kraft pulp.


Based in the Netherlands, Paper Excellence also owns Meadow Lake Mechanical Pulp (BCTMP) in Saskatchewan and two mills in B.C., Mackenzie Pulp Mill (kraft pulp) and Howe Sound Pulp & Paper (kraft, TMP and newsprint).

Published in Canadian News
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To help promote forest conservation and environmental responsibility, Staples will launch a new brand of paper supplied by Domtar Corporation marking the first time the office products company's brand of paper carries the Rainforest Alliance Certified™ Seal.

 

The new Domtar EarthChoice Office Paper by Staples, available to Staples Advantage and Staples.com customers in the U.S., will be manufactured by Domtar, whose EarthChoice(R) products are the broadest and most flexible collection of environmentally responsible papers available in the marketplace. Since its launch, more than a million tons of EarthChoice papers have been sold, all of which have been certified to the standards of the Forest Stewardship Council™ (FSC(R)) and are publicly supported by the Rainforest Alliance.

 

The Rainforest Alliance pioneered the concept of responsible forestry certification in 1989 and has since certified to FSC standards more than 65 million hectares (155 million acres) of forestland in 70 countries around the world. By encouraging better on-the-ground forestry practices, which benefit the environment and protect the rights and welfare of workers and their communities, the Rainforest Alliance helps meet the ever-increasing demand for responsibly harvested forest products.

 

"We are proud to expand our environmentally responsible portfolio to include paper that not only meets FSC standards but also is certified by the Rainforest Alliance," said Mark Buckley, Staples' Vice President of Sustainability. "We have a strong partnership with Domtar, and this is another example of how Domtar is helping Staples work toward our sustainability goals."

 

Domtar has previously earned the Staples Supplier Soul Award, which honors suppliers who help advance Staples' Soul by strengthening its four cornerstones - community, diversity, ethics and the environment. Part of the recognition stems from Domtar's environmental policies, its commitment to minimizing its environmental footprint, its responsible sourcing of fiber, and its work to promote credible forest certification.

 

"We work hard to keep the forests as forests," said Lewis Fix, Domtar's Vice-President of Brand Management and Sustainable Product Development. "Well-managed forests provide renewable resources, respect biodiversity and bring a wealth of socio-economic benefits to neighboring communities, including the potential for employment and recreational activities. Third-party certification is the best way to ensure that sound forest management practices are implemented and that all environmental and social aspects of forest use are considered."

 

"We are thrilled to continue our work with Staples and Domtar," said Tensie Whelan, President of the Rainforest Alliance. "Their commitments to FSC certification have helped the Rainforest Alliance work to ensure that thousands of acres of forests are responsibly managed. We're happy to see another product added to the EarthChoice line, making FSC certified paper more readily available to consumers."

 

Domtar EarthChoice Office Paper by Staples is a 20 lb., 92 brightness paper, ideal for everyday printing on inkjet and laser printers, and will feature ColorLok(R) Technology. HP's ColorLok Technology provides for a better printing surface, delivering more vivid colors, bolder blacks and faster drying times when printing on inkjet printers, consistent imaging and a longer printer life for laser printers1.

Published in Featured Products
Tuesday, 01 March 2011 08:41

Domtar distribution group is now Ariva™

The leading provider of high-quality paper, packaging and graphic arts supplies today announced the launch of its new identity: Ariva. Formerly Domtar Distribution Group, the rebranding under the name Ariva marks the beginning of a new era in the company's development as a leading provider of best-in-class solutions for the 21st century.

 

The Ariva name and brand replaces all of the company's legacy brands: RIS the paper house in the U.S. and Buntin Reid, JBR La Maison du Papier, and The Paper House in Canada.

 

The company's new tagline—Paper to pixels. The way forward.—conveys Ariva's commitment to innovating new ideas and solutions to meet the evolving needs of customers in the digital age.

 

"Our customers' businesses and needs are changing in ways no one could imagine a decade ago," said Mark Ushpol, Senior Vice-President of Ariva. "Our new identity reflects our recognition of these fundamental changes and our commitment to work as a unified team to deliver new products and solutions to give our customers a competitive edge. No matter where the future leads, Ariva will be there with innovative solutions to help our customers communicate, collaborate and compete more effectively."

 

Ushpol said the Ariva brand provides a strong, unified identity for the company in all of the markets where it operates, including the U.S., Canada, Mexico, the Caribbean, and Latin America. "Ariva is focused on new opportunities and partnerships globally, while building on the proud legacy of our predecessor companies," he added. "Our core values have not changed - we remain committed to excellence, to serving customers with professionalism and integrity in forging long-term relationships."

Published in North American News
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Friday, 21 January 2011 10:09

Domtar starts new turbine generator

Domtar Corporation celebrated the start-up of its newly installed 50 megawatt bio-fueled steam turbine generator at its Marlboro (Bennettsville) mill in South Carolina today. Domtar invested approximately $40 million in 2010 to complete this project. Now fully operational, the new turbine has made the mill more energy efficient.

Domtar has entered into a 15-year agreement with Santee Cooper, South Carolina's state-owned electric company, for the purchase of up to 50 megawatts of green power. The renewable energy generated by the turbine would be enough to power roughly 31,000 South Carolina homes.

Domtar would like to recognize the State of South Carolina for the significant role it has played in the success of this project. To celebrate the start-up, Domtar organized a "breaker-throw" event at the mill this morning, which included the participation of several State dignitaries as well as Domtar executives.

Domtar has been long committed to sustainable business practices and has implemented energy efficiency programs at all of its facilities to help reduce the impact of its operations on the environment. Since 2002, Domtar's increased reliance on lower-emitting biomass as a fuel source has resulted in a 20% reduction in greenhouse gas emissions intensity. Domtar's self-generation of electricity is at approximately 67%, which represents a 26% increase since 2002. Domtar's use of renewable energy stands at approximately 74% of total energy use, which represents an 18% increase since 2002

Published in North American News
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Domtar Corporation has announced that it has extended the use of HP's patented ColorLok® Technology to all of its Domtar branded business papers to provide a higher quality printing experience compared to papers that do not have ColorLok Technology. This technology will now be more widely available to customers, allowing them to keep pace with advancements in printing technology found in digital printing systems.

"We are pleased to extend ColorLok Technology, a performance-based standard, to all Domtar branded business papers, and in so doing, providing our customers with high-quality, environmentally responsible paper products, in both virgin and recycled content options," said Karin Flemming, Domtar Marketing Manager, Business Papers.

Domtar first agreed to support the performance standards of ColorLok in early 2008 by incorporating the technology into its First Choice® line of business papers, a premium quality product with 98 brightness, and soon after with its Imageprint® brand multiuse papers. Now Domtar Copy®, Domtar EarthChoice® Office Paper, Husky® Copy and Recycled Husky® Copy, will be available with ColorLok Technology, providing customers with a 92 brightness alternative in both virgin and recycled content options.

Paper that uses the ColorLok logo must pass a precise set of standards for print quality, as well as physical and electrostatic standards for quality and reliability. Criteria for meeting the ColorLok performance standard includes improved image quality, dry time and consistency for printer performance. For inkjet printers, the benefits of ColorLok include bolder, sharper images and faster drying times. Benefits for laser printers include reliable printing, consistent imaging and an extended printer life1. More information about the ColorLok Paper Standard is available at www.colorlok.com.

SOURCE DOMTAR CORPORATION

Published in Featured Products
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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 (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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Monday, 19 July 2010 10:00

Domtar and FPInnovations join forces.

Domtar Corporation and FPInnovations announced that they have formed a new joint venture company to build the world's first one metric ton per day commercial-scale nanocrystalline cellulose demonstration plant at the Domtar Windsor, Quebec pulp and paper mill site. Construction will begin in the coming weeks and will take approximately 20 months to be completed.

"As the leader in our industry, we are very excited to explore new frontiers by bringing together our operational expertise and the technical knowledge of FPInnovations for the efficient manufacture of this innovative and renewable product," said John D. Williams, President and Chief Executive Officer of Domtar Corporation. "The remarkable properties of nanocrystalline cellulose and wide range of potential applications speak volumes about the commercial potential of new fiber-based products that go beyond traditional pulp and paper applications."

"This is an important milestone cumulating over 15 years of R&D investments towards the future development of fiber-based products for the industrial world. During this time FPInnovations developed an extensive intellectual property portfolio around the manufacturing and application of nanocrystalline cellulose," said Pierre Lapointe, President and Chief Executive Officer of FPInnovations. "I am confident that this partnership and the strong support of both governments will lead to exciting and successful new commercial applications."

Nanocrystalline cellulose is a renewable, recyclable and abundant nanomaterial made of cellulose fibers from the wood pulp manufacturing process. Potential applications include optically-reflective films, high-durability varnishes, and innovative bioplastics. The properties of this material will provide new opportunities in a wide range of applications for a variety of sectors and markets such as the aerospace, automotive, chemical, textile and forestry industries. There are promising applications for the aerospace industry that will complement Quebec's innovative aerospace "green" aircraft program.

The cost of construction of the demonstration plant is approximately CDN$32.4 million and operating costs are estimated at CDN$8.4 million, for a total investment of CDN$40.8 million. CDN$12 million of Domtar's total contribution has been submitted for funding approval under the Government of Canada's Pulp and Paper Green Transformation Program. Natural Resources Canada and Quebec's Natural Resources and Wildlife Ministry are contributing CDN$10.2 million each to FPInnovations' portion of the funding of this project. All funding is still subject to approval.

During the construction phase, the project will provide approximately 50 jobs as well as engineering services from the Quebec and the Canadian engineering firms, Teknika and Noram, respectively. Approximately 10 permanent positions will be needed to operate the demonstration plant. In addition, numerous researchers and scientific personnel have been and will continue working to deliver on the potential new nanocrystalline cellulose applications and products.

Following the construction phase, under the joint venture agreement, Domtar and FPInnovations will explore the commercial viability of the production of nanocrystalline cellulose on a larger commercial scale.

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Domtar Corporation announced that it is commencing a cash tender offer for an aggregate principal amount of its outstanding 5.375% Notes due 2013 (the "First Priority Notes").

 

7 1/8% Notes due 2015 (the "Second Priority Notes"), 7.875% Notes due 2011 (the "Third Priority Notes") and 10.75% Notes due 2017 (the "Fourth Priority Notes" and together with the First Priority Notes, Second Priority Notes and Third Priority Notes, the "Notes") such that the maximum aggregate consideration for Notes purchased in the tender offer, excluding accrued and unpaid interest, will not exceed $350,000,000 (the "Maximum Payment Amount") and the maximum aggregate consideration for all Fourth Priority Notes purchased in the tender offer, excluding accrued and unpaid interest, will not exceed $75,000,000 (the "10.75% Notes Payment Cap"). The terms and conditions of the tender offer are described in an Offer to Purchase, dated May 21, 2010 (the "Offer to Purchase"), and a related letter of transmittal, which are being sent to holders of Notes.

 

<<
Aggregate Early Total
Acceptance Principal Tender Consi-
CUSIP Title of Priority Amount Purchase Payment dera-
Number Security Level Outstanding Price(1) (1) tion(1)
-------------------------------------------------------------------------
257559 AB0 5.375% Notes 1 $310,431,000 $1,000 $50 $1,050
due 2013
257559 AC8 7 1/8% Notes 2 $399,723,000 $1,020 $50 $1,070
due 2015
257559 AA2 7.875% Notes 3 $134,752,000 $1,035 $50 $1,085
due 2011
257559 AG9 10.75% Notes 4 $400,000,000 $1,160 $50 $1,210
due 2017
------------------------
(1)Per $1,000 principal amount of Notes accepted for purchase.
>>

 

Holders of Notes must validly tender and not validly withdraw their Notes on or prior to 5:00 p.m., New York City time, on June 4, 2010, unless extended or earlier terminated (the "Early Tender Time") in order to be eligible to receive the applicable Total Consideration, as set forth in the table above. Holders of Notes who validly tender their Notes after the Early Tender Time and on or prior to the Expiration Time (as defined below) will be eligible to receive only the applicable Purchase Price, which is equal to the applicable Total Consideration minus the Early Tender Payment.

 

As set forth in the table above. In addition to the applicable Total Consideration or Purchase Price, as the case may be, holders whose Notes are accepted for purchase by the Company in the tender offer will receive accrued and unpaid interest on their purchased Notes to, but not including, (i) in the case of First Priority Notes accepted for purchase on the Early Acceptance Date (as defined below), the Early Payment Date (as defined below), and (ii) in the case of all other Notes accepted for purchase, the Payment Date (as defined below).

 

The tender offer is scheduled to expire at 12:00 midnight, New York City time, on June 18, 2010, unless extended or earlier terminated (such date and time, as the same may be extended, the "Expiration Time"). As set forth in the Offer to Purchase, validly tendered Notes may be validly withdrawn at any time on or prior to 5:00 p.m., New York City time, on June 4, 2010, unless extended.

 

Upon the terms and subject to the conditions of the tender offer, the Company expects to accept for purchase any First Priority Notes validly tendered (and not withdrawn) on or prior to the Early Tender Time promptly after the Early Tender Time (the "Early Acceptance Date") and expects that it will pay the Total Consideration for such First Priority Notes on the business day after the Early Acceptance Date (the "Early Payment Date"). Upon the terms and subject to the conditions of the tender offer, the Company expects to accept for purchase all other Notes validly tendered (and not withdrawn) on or prior to the Expiration Time promptly after the Expiration Time and expects that it will pay the Total Consideration or Purchase Price, as applicable, for such Notes on the business day following the date that the Notes are accepted (the "Payment Date").

 

The Company may waive, increase or decrease the Maximum Payment Amount or the 10.75% Notes Payment Cap at its sole discretion. If the aggregate consideration, excluding accrued and unpaid interest, that would be payable for all Notes that are validly tendered and not validly withdrawn on or prior to the Expiration Time would exceed the Maximum Payment Amount, the Company will accept for purchase Notes that have been so tendered in accordance with the applicable Acceptance Priority Levels, subject, in the case of the Fourth Priority Notes, to the 10.75% Notes Payment Cap.

 

If the aggregate consideration, excluding accrued and unpaid interest, that would be payable for all tendered Notes of the Acceptance Priority Levels (as set forth in the table above) to be accepted for purchase exceeds the Maximum Payment Amount, Notes of the lowest Acceptance Priority Level to be accepted for purchase will be pro rated (with adjustments downward to avoid the purchase of Notes in a principal amount other than $1,000 or an integral multiple thereof), such that the aggregate consideration payable for all Notes accepted for purchase, excluding accrued and unpaid interest, does not exceed the Maximum Payment Amount and, in the case of Fourth Priority Notes, such that the aggregate consideration for all Fourth Priority Notes accepted for purchase, excluding accrued and unpaid interest, does not exceed the 10.75% Notes Payment Cap. The Company's obligation to consummate the tender offer is conditioned upon the satisfaction or waiver of certain conditions described in the Offer to Purchase.

 

The Company has engaged Banc of America Securities LLC and Goldman, Sachs & Co. to act as dealer managers in connection with the tender offer. Questions regarding the tender offer may be directed to Banc of America at (646) 855-3401 (collect) or (888) 292-0070 (U.S. toll-free) or to Goldman Sachs at (212) 902-5183 (collect) or (800) 828-3182 (U.S. toll-free). Requests for documentation may be directed to Global Bondholder Services Corporation, the information agent and depositary for the tender offer, at (212) 430-3774 (for banks and brokers) or (866) 470-3700 (U.S. toll-free).

 

This press release is neither an offer to purchase nor a solicitation of an offer to sell the Notes or any other security. The tender offer is being made only by the Offer to Purchase and the related letter of transmittal. The offer is not being made to noteholders in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. In any jurisdiction in which the offer is required to be made by a licensed broker or dealer, it shall be deemed to be made on behalf of the Company by the dealer managers or one or more registered brokers or dealers licensed under the laws of such jurisdiction.

 

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. Domtar also produces lumber and other specialty and industrial wood products. The Company employs over 10,000 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.

Published in Financial News
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We Energies, Milwaukee, Wisconsin has awarded Pöyry the engineering contract for a EUR 185 million capital project for a new 50 MW biomass cogeneration plant to be constructed at the Domtar paper mill facility in Rothschild, Wisconsin. The value of Pöyry's assignment is estimated at approximately EUR 6.5 million. Construction for the new facility is planned to start in the spring of 2011 with the biomass cogeneration facility in operation in late 2013. Pöyry's contract also includes an option for construction supervision, procurement and commissioning services.

The new cogeneration facility will be designed to provide steam to the Domtar paper mill and is capable of providing a nominal power generation of 50 MW. The plant will utilise wood, wood waste and wood shavings to produce electricity and will be designed with the best available control technology to meet strict emission standards.

Pöyry's assignment includes complete detail engineering. The biomass power plant will utilise the latest boiler and turbine technology to aid We Energies in meeting their renewable energy commitment. Pöyry brings We Energies an excellent resource for global knowledge and experience with local presence and know-how in Wisconsin.

PÖYRY PLC

Additional information by:
Esa Ikäheimonen, CFO, Pöyry PLC
Tel. +358 10 33 21586

Larry Londo, President, Pöyry (Appleton) LLC, USA
Tel. +1 920 954 2000

Pöyry is a global consulting and engineering company dedicated to balanced sustainability. We offer our clients integrated management consulting, total solutions for complex projects and efficient, best-in-class design and supervision. Our in-depth expertise extends to the fields of energy, industry, urban & mobility and water & environment. Pöyry has 7000 experts operating in about 50 countries, locally and globally. Pöyry's net sales in 2009 were EUR 674 million and the company's shares are quoted on NASDAQ OMX Helsinki (Pöyry PLC: POY1V).

DISTRIBUTION:
NASDAQ OMX Helsinki

www.poyry.com

Published in North American News
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