Thursday, November 27th0.1°C
22246
24225

Resolute Forest to spend US$105 million to upgrade Tennessee pulp, paper mill

MONTREAL - Resolute Forest Products Inc. (TSX:RFP) plans to spend US$105 million to upgrade its pulp and paper mill in Calhoun, Tenn. a decision it says will help lower costs and boost capacity.

The company said Thursday that it will install a pulp digester and other wood chip processing equipment to make its operations more versatile.

CEO Richard Garneau said the upgrade will let the company adjust its grade production to accommodate market dynamics over time. It will also decrease the use of chemicals and steam.

About 50 workers will be hired at the Tennessee facility, which already employs 480 people, the company said.

The work is expected to be complete mid-2016.

The Calhoun mill operates three machines with a capacity of 609,000 tonnes of market pulp, specialty papers and newsprint.

Resolute has pulp and paper mills and wood products facilities in the United States, Canada and South Korea, and power generation assets in Canada.

The Canadian Press


Read more Business News




Recent Trending




Today's Market
S&P TSX14922.44-115.97
S&P CDNX755.45-15.61
DJIA17827.7512.81
Nasdaq4787.317+29.065
S&P 5002072.83+5.80
CDN Dollar0.8813-0.0005
Gold1182.40-14.20
Oil68.89-4.80
Lumber327.90-1.60
Natural Gas4.295+0.144

 
Okanagan Companies
Pacific Safety0.15-0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.340.00
Cantex0.04-0.005
Anavex Life Sciences0.171-0.004
Metalex Ventures0.04+0.005
Russel Metals30.70-0.80
Copper Mountain Mining2.12-0.04
Colorado Resources0.13+0.01
ReliaBrand Inc0.0134-0.0001
Sunrise Resources Ltd0.045-0.005
Mission Ready Services0.32-0.02

 
24130


23457

FEATURED Property
21421862004 Montego Street
4 bedrooms 4 baths
$349,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Second marriage issues

It is not unusual that one or both of the parties planning to marry are approaching marriage for the second time. There are pluses and minuses to this new situation. On the plus side, individuals ente...


The last great Canadian tax shelter

A guide to how flow-through fund limited partnerships can mightily aid your tax planning!The end of the year will raise concerns among many professionals, self-employed persons, business owners and ev...


What I learned in China: Part 2

As per my previous article on my visit to China, we have much to learn about and from their people. It is potentially the largest market on earth with 1.3 billion people in one country but much will d...

_



24160

24156


Member of BC Press Council


23646