Resolute Announces Price Increase on Uncoated Freesheet Grades

Paper Excellence in Port Alberni has been awarded a pair of CleanBC Industry Fund grants totalling $145,000 for feasibility studies examining two sustainable business projects. The first grant, for $51,000, will help Port Alberni’s Catalyst Paper division look at offloading and delivery options for its biofuel. This would include improving efficiency in offloading of hogfuel at the plant as well as ways to increase biofuel steam production to reduce natural gas consumption in its No. 4 power boiler and auxiliary boilers. The second grant, for approximately $94,000, will help Catalyst Paper investigate the feasibility of power boiler stack heat recovery. This project would ideally see the paper plant install a heat-recovery system in the power boiler exhaust. Recovered heat would in turn offset the heat generated from fuel combustion.

Overview • Third quarter of 2020 reported operating income of $300 million, adjusted operating income of $347 million • Record-high adjusted lumber earnings of $387 million, driven by unprecedented surge in lumber prices and strong operational performance across all regions despite the impact of the coronavirus pandemic • Total net debt of $526 million at September 30, 2020, improvement of $331 million from prior quarter; available liquidity of $1.1 billion; net debt to capitalization of 18.6% at September 30, 2020 • Vida Group (“Vida”) completed acquisition of Bergs Timber Production AB (“Bergs”) sawmill assets • Cumulative cash deposits of $548 million on countervailing and anti-dumping duties at September 30, 2020

Printing Papers operating profits in the first quarter of 2018 were $64 million versus $136 million in the fourth quarter of 2017. In North America, the benefits from increased sales prices and a favorable mix were more than offset by higher planned maintenance outages and higher input costs related to transportation and energy. In Brazil, seasonally lower sales volumes and an unfavorable geographic and product mix exceeded the benefits from higher sales price realizations. In Europe and Russia, earnings decreased due to higher planned maintenance outage costs, higher input costs and lower sales volumes, partially offset by improved pricing. Industrial Packaging operating profits in the first quarter of 2018 were $437 million ($464 million excluding special items) compared with $609 million ($614 million excluding special items) in the fourth quarter of 2017. In North America, strong demand in box and export containerboard markets, along with price realization, were more than offset by seasonally lower sales volume, production constraints due to weather related disruptions and maintenance outage costs. Click Read More below for additional information.