Appvion Operations, Inc., is launching a line of innovative packaging products under its new MISSION ZERO™ portfolio of sustainable products. MISSION ZERO™ is the umbrella brand for Appvion's newly engineered products to enhance sustainable packaging design by providing functional materials and systems that are addressing key issues of sustainability and recyclability. The MISSION ZERO™ products are designed to enable transformation, innovation, and optimization in the paper packaging value chain, and provide for a closed loop system and circular economy for consumer packaging, food service, industrial packaging and communication papers. "First in line under MISSON ZERO™ will be an innovative recyclable cup stock for hot and cold beverages that meets widely recognized industry standards for sustainable packaging in food and beverage , most notably the use of renewable, recyclable and responsibly sourced materials." said Jorg Schneewind, President of Appvion Packaging and Specialty Coatings.
Catalyst Paper Corporation (TSX:CYT) today announced that the U.S. Department of Commerce (DOC) issued Preliminary Results in its expedited review of Catalyst, finding that Catalyst received a negligible (de minimis) amount of subsidies during the applicable period of review and therefore, subject to confirmation in the DOC’s Final Results, Catalyst’s exports of supercalendered paper (SC) into the U.S. market would not be subject to countervailing duties.
“Today’s decision confirms that Catalyst did not receive any material subsidies from the Government of Canada or Province of British Columbia,” said Joe Nemeth, President & Chief Executive Officer.
Catalyst requested the expedited review, which looked specifically at the 2014 period, after the DOC imposed countervailing duties on SC paper imports from Canada in December 2015. Without individually investigating Catalyst, the DOC assigned the company an “all-others” countervailing duties rate of 18.85%, which was based on the weighted average of the rates determined for Port Hawkesbury Paper and Resolute Forest Products.
“The18.85% ‘all-others’ rate assigned to Catalyst painted an inaccurate picture of our business, and the manufacture and export of our high-quality paper products,” said Mr. Nemeth. “Catalyst has paid over $18 million in duties and legal costs since the countervailing duties were imposed. These costs have imposed a burden on Catalyst and our effort to improve our financial performance and competitiveness.”
The DOC’s Preliminary Results do not take effect until interested parties have had the opportunity to comment and the DOC issues Final Results scheduled for February 2017.