Norske Skog Saugbrugs has since 2006 developed new and sustainable products based on fibre. CEBINA is a natural fibre product and add rheology control in fluids and armouring in solid materials. Following significant marketing efforts and customer testing in 2020, Norske Skog is proud to announce that CEBINA is now sold to customers in Norway and internationally. “The CEBINA sales in the fourth quarter are incredibly exciting. We have been able to establish promising cooperation with companies, consultants and researchers, who see the unique potential in the green and sustainable product we have developed,” says Hugo Harstad, Commercial Development Director of CEBINA at Norske Skog Saugbrugs. Product development of CEBINA continues at full speed, and Saugbrugs works closely with, among others, Re-Turn in Fredrikstad to identify new applications. In 2020, a new variant of CEBINA has been developed in which the water in which the fibrils are suspended has been replaced with a polymer. This enables the use of CEBINA in, for example, epoxy floor coverings and adhesives.
GreenFirst Forest Products Inc. (TSXV: GFP) (GreenFirst or the Company) announces that, effective today, Rick Doman has replaced Larry G. Swets, Jr. as Chief Executive Officer of GreenFirst and Paul Rivett has replaced Kyle Cerminara as Chairman of the board of directors of GreenFirst (the Board). Both Larry G. Swets, Jr. and Kyle Cerminara will remain on the Board.
These changes were determined to be in the best interests of the Company going forward as GreenFirst transitions to a lumber and forestry company and moves towards the closing of the previously announced asset purchase transaction involving the acquisition of lumber and forestry assets of certain subsidiaries of Rayonier Advanced Materials Inc.
Rick Doman is seasoned executive with over 45 years of forestry and lumber experience, including with Doman Industries (currently named Western Forest Products Inc.). Mr. Doman also founded EACOM Timber Corporation where he served as the CEO, President and Chief Executive Officer and has been a director of GreenFirst since October 2020.
Paul Rivett is the Co-Owner of Nordstar Capital, which recently acquired Torstar Corporation. Mr. Rivett is the Chairman and Co-proprietor of Torstar Corporation. Prior to this, Mr. Rivett was President of Fairfax Financial Holdings Ltd. and Vice President and Chief Operating Officer of Hamblin Watsa Investment Counsel Ltd. Mr. Rivett also sits on several boards, including Recipe Unlimited Corporation (TSX: RECP), VerticalScope Holdings, Inc. (TSX: FORA) and Chorus Aviation, Inc. (TSX: CHR). He has been a director of GreenFirst since October 22, 2020.