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Introducing Domtar Connects: Building Stronger Communities

This Earth Day, we’re proud to launch Domtar Connects — a companywide framework that brings together contributions and employee-led community service to strengthen the places where we live and work. Inspired by the legacy of the EarthChoice Ambassador (ECA) Program and countless employee-led grassroots initiatives, Domtar Connects is designed to engage employees, align with our corporate values and maximize our impact. The program complements owner Jackson Wijaya’s commitment to philanthropy. Domtar Connects focuses on causes that reflect both who we are and what we make. Guided by our Community Investment Policy and grounded in our vision, mission and values, our contributions center around three key areas. *Education and Literacy: Domtar produces paper for books and learning materials, helping to foster education and literacy. *Humanitarian Needs: Our products support essential services and rebuilding efforts in times of crisis or natural disasters. *Sustainability and Environmental Stewardship: Our business is rooted in forest products, and we prioritize sustainability in our operations and in the communities we serve.

GreenFirst Announces Plan to Spin-Out Kap Corporation

GreenFirst Forest Products Inc. announces that it intends to complete a spin-out transaction of Kap Corporation, whereby the shares of Kap will be held directly by the shareholders of the Company. The Spin-out is expected to be completed in Q4 2024. GreenFirst will hold a shareholder meeting on September 12, 2024, where shareholders will be able to vote on the Spin-out. The record date for shareholders entitled to vote at the Meeting will be August 8, 2024. The Spin-out of Kap is part of the natural progression of the decentralization and deconsolidation of the newsprint mill that was originally disclosed by GreenFirst in the Fall of 2023. The Spin-out will enable GreenFirst to focus on its core business of being a pure-play lumber producer, offering shareholders a stake in any future upside from the development of Kap. Under the new structure, Kap will be able to explore numerous possibilities that were not feasible under the original GreenFirst ownership structure. As a separate company, Kap will consider independent financing alternatives and partnerships in the future. Kap Paper Inc. is the only chip consuming facility in Northeastern Ontario and the Spin-out provides Kap Paper with the potential to pursue new opportunities to support the green economy as part of a broader Northern Ontario forest strategy.

Total U.S. Containerboard Production Increased 7 Percent in Q1 2024

The American Forest & Paper Association (AF&PA) released its Q1 2024 Containerboard Quarterly report. According to the report, total containerboard production in Q1 increased 7% compared to Q1 2023. U.S. operating rates for all major grades of conatainerboard in Q1 2024, except Semichemical Medium, increased compared to Q4 2023 while total production was down 0.7% (Q1 had 1 less day than Q4). Unbleached Kraft Liner production for export surged more than 41% over its year-ago levels. The Q1 2024 export total was higher than any quarter in 2023. Despite the significant increase in exports, domestic new supply was up 3.7% from Q1 2023 due to the increase in domestic production, as well as a 12.6% increase in imports of containerboard. New supply declined slightly from Q4. Mill inventories ended the quarter at 429,400 short tons, lower than at the end of 2023, but higher than any other month last year.
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