03:22:23 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Resolute Forest Products Inc
Symbol RFP
Shares Issued 90,450,950
Close 2018-08-09 C$ 16.52
Market Cap C$ 1,494,249,694
Recent Sedar Documents

Globe says Norpac figures Resolute exaggerating damage

2018-08-09 08:23 ET - In the News

The Globe and Mail reports in its Thursday edition that a Washington State newsprint mill that sparked a cross-border trade battle has fired back at Canadian paper producers, saying they are exaggerating the impact of U.S. tariffs. The Globe's Brent Jang writes that North Pacific Paper Co., also known as Norpac, lodged a complaint with the U.S. Department of Commerce in August, 2017, alleging unfair competition from Canadian producers of uncoated groundwood paper, including newsprint and book-grade paper. It cited advantages such as discounted electricity rates and financial assistance from governments. Norpac, in a filing to the U.S. International Trade Commission (ITC) last week, slams Canadian producers. "They have made dire predictions of the ruin of small town and rural newspapers, with the heaviest negative impact on the elderly, when the record demonstrates that the economic impact of duties will be very small," Norpac argues. "Newspapers have been able to increase their subscription prices significantly over time, independent of changes in standard newsprint prices/costs." The Commerce Department focused its investigations on three companies: Catalyst Paper Corp., Resolute Forest Products and Kruger Inc.

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