Resolute Forest Products Inc., a subsidiary of Domtar Corporation and a part of the Paper Excellence Group, today announced that, on August 1, 2023, it completed the previously disclosed sale of the Thunder Bay (Ontario) pulp and paper mill to an affiliate of Atlas Holdings, pursuant to the terms of the asset purchase agreement dated May 26, 2023. Resolute will continue to operate its sawmills and woodlands operations in Northwestern Ontario. With the closing of the transaction, the parties have entered into certain ancillary agreements, including a long-term woodchip and biomass supply agreement pursuant to which Resolute will continue to provide chips and biomass to the Thunder Bay mill.
According to the report, total printing-writing paper shipments decreased three percent in April compared to April 2020. U.S. purchases of total printing-writing papers decreased six percent in April compared to the same month last year. Total printing-writing paper inventory levels decreased two percent when compared to March 2021.
U.S. purchases of uncoated free sheet (UFS) papers in April increased 13 percent compared to last April while the inventory level decreased three percent compared to March 2021. UFS imports increased 12 percent while exports decreased 22 percent in March 2021.
Coated free sheet (CFS) paper shipments decreased 17 percent compared to April 2020 while the inventory level decreased one percent compared to March 2021. CFS imports decreased 21 percent while exports increased 14 percent in March 2021.
U.S. purchases of coated mechanical (CM) papers in April decreased 35 percent compared to last April while the inventory level decreased three percent compared to March 2021. CM imports and exports both decreased compared to March 2020, down nine percent and 29 percent respectively.
Uncoated mechanical (UM) paper shipments decreased 21 percent compared to April 2020 while the inventory level increased 12 percent compared to March 2021. UM imports and exports both decreased compared to March 2020, down one percent and 47 percent respectively.