Saturday, April 18th1.8°C
25936

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

24947


Recent Trending




Today's Market
S&P TSX15360.55-26.22
S&P CDNX702.85-2.74
DJIA17826.30-279.47
Nasdaq4931.81-75.98
S&P 5002081.18-23.81
CDN Dollar0.8169-0.0001
Gold1204.10+6.10
Oil56.14-0.57
Lumber245.50-9.80
Natural Gas2.641-0.043

 
Okanagan Companies
Pacific Safety0.12+0.00
Knighthawk0.010.00
QHR Technologies Inc1.40-0.01
Cantex0.035+0.005
Anavex Life Sciences0.33+0.02
Metalex Ventures0.075+0.030
Russel Metals27.48-0.23
Copper Mountain Mining1.13+0.01
Colorado Resources0.10-0.00
ReliaBrand Inc0.005+0.001
Sunrise Resources Ltd0.04-0.01
Mission Ready Services0.175-0.010
Decisive Dividend Corporation1.80+0.15

 





FEATURED Property
2228005#203, 1449 St Paul Street
$285,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Calling on your help!

Has the internet flattened prices as predicted? Has the internet created opportunities for your business to find higher priced markets further afield? Is posting prices on your website a good thing o...


Living with Plan B

“It does not do to leave a live dragon out of your calculations, if you live near him.”― J.R.R. Tolkien, The Hobbit Photo: Thinkstock.comHuman beings are optimists by nature. Whether...


Reverse mortgage solution

With the housing and financial markets on solid footing, some retired Canadians may consider cashing in their growing assets to enjoy vacations and major home renovations. Others, on the other hand, a...

_



25922

25922


Member of BC Press Council


24875