The Navigator Company to increase uncoated woodfree paper prices by 5-7%

Georgia-Pacific announced significant investments, which total more than $500 million, at its Green Bay, Wisconsin, Broadway mill. The investments will greatly enhance the company's retail consumer tissue and towel business. Investments to the Green Bay mill include building a new paper machine using through-air-dried (TAD) technology, as well as adding associated converting equipment and infrastructure. Engineering and related work is beginning immediately, with startup of the new machine scheduled for the first half of 2024. Approximately 150 jobs will be created to operate the new papermaking complex, in addition to the mill's 850 current employees. The project will have as many as 500 construction and contract-related workers onsite at the mill, fluctuating with project timeline.

Our Sawmills Division has recently completed a $4.9 million investment at the Kedgwick Sawmill. The modernization has meant work for nearly 60 contractors from other small communities from Bathurst to Edmundston. "This modernization will make our mill more efficient; processing the same logs and achieving more lumber and improved quality for our customers. Continued investment is what helps sustain over 100 good paying jobs in the community," says Jean-Sebastien Roy, Mill Manager at the Kedgwick Sawmill. The additional production by the new sawline will allow us to increase the volume of Premium Lumber, which is produced for North America's leading home improvement stores. Wood chips that are a by-product of the sawmill go to New Brunswick pulp and paper mills to help make paper and tissue products.

Resolute Forest Products Inc. announced that after a 39-year distinguished career with Resolute, Yves Laflamme will be stepping down, and retiring, as of March 1, 2021. The board of directors has unanimously selected and appointed Remi G. Lalonde as the company's next president and chief executive officer, effective on the same date. Mr. Lalonde, 44, currently serves as senior vice president and chief financial officer. Upon becoming president and CEO, Mr. Lalonde will be appointed to Resolute's board of directors. The announcement today coincides with Resolute's third quarter 2020 results. "The Resolute board of directors enthusiastically supports Remi Lalonde's selection as the company's next president and CEO. He has an outstanding track record of success as well as strength of character and exemplary personal integrity. Remi's superior leadership skills demonstrated on a range of strategic initiatives have consistently impressed the board," stated Bradley P. Martin, chairman of the board of directors. "Remi has very good relationships with our stakeholders, sharp analytical skills, impressive credentials, and a strong business drive. We are confident he will guide the company through its ongoing strategic transformation, delivering improved shareholder value. Remi is the right person at the right time for Resolute."