Resolute Permanently Shutting Down Paper Machine at Its Laurentide Mill

Resolute President and CEO Richard Garneau noted that market demand and capacity, the strong Canadian dollar, rising freight and fuel costs, and the continuing high cost of fiber also factored into management’s decision.

“Resolute must prove that it is profitable with mills that perform well, which forces us to improve our competitive edge by focusing on our best assets and cutting costs,” stated Garneau. “This is a major challenge and we are confident that we, with our employees, will be able to meet it.”