Key Developments: Resolute Forest Products Inc (RFP)

RFP on New York Consolidated

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6 Jul 2015
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Latest Key Developments (Source: Significant Developments)

Resolute increases share repurchase program by $50 million
Friday, 29 May 2015 07:00am EDT 

Resolute Forest Products Inc:Authorized $50 million increase to the company's existing share repurchase program.Says program will be funded with cash on hand.  Full Article

Resolute Forest Products shuts down paper machine at Quebec mill; 85 jobs lost - The Canadian Press
Wednesday, 4 Mar 2015 07:00pm EST 

Resolute Forest Products Inc:Says it will close a specialty paper machine at its mill in Alma, Que., in a move that will see the loss of about 85 jobs - The Canadian Press.The company says the closure of the paper machine at the mill represents a reduction of 75,000 metric tons of annual capacity.Says it will work with union representatives and government to help the affected employees who may have the opportunity to transfer to other company operations.The company blamed the decision on a weak market, exacerbated by fibre cost issues in Quebec, as well as campaigns by environmental activist groups including Greenpeace.  Full Article

Resolute Forest Products Inc announces permanent closure of Laurentide Mill in Shawinigan, Quebec
Tuesday, 2 Sep 2014 04:05pm EDT 

Resolute Forest Products Inc:Announced the permanent closure of its Laurentide paper mill in Shawinigan, Quebec.Says the restart of a competitor's mill at the end of 2012, the high cost of fiber, as well as higher transportation and fuel costs, have affected the mill's competitiveness.  Full Article

Mercer International Inc and Resolute Forest Products Inc launches research and development Biomaterial Joint Venture
Monday, 23 Jun 2014 08:30am EDT 

Resolute Forest Products Inc:Launches new research and development joint venture, Performance BioFilaments Inc. Jointly owned with Mercer International Inc., Performance BioFilaments will work to develop commercial applications for cellulose filaments.Says new source of sustainable biomaterial made from wood fiber that can improve the strength and durability of many commercial and consumer products found on the market today.  Full Article

Resolute Forest Products Inc announces permanent closure of Fort Frances Mill
Tuesday, 6 May 2014 01:00pm EDT 

Resolute Forest Products Inc:Says Permanent closure of previously idled pulp and paper mill in Fort Frances, Ontario.  Full Article

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