Kimberly-Clark Commemorates 150th Anniversary with Grants to Three Global Nonprofit Organizations Selected by Its Employees

Resolute Forest Products plans to put up a new distribution center at its Calhoun, Tenn., production site as the company grows its tissue business. The 300,000-square-foot distribution center under construction will provide storage for tissue products made at the mill, said Debbie Johnston, the company's director of U.S. public affairs. The goods later will be shipped to Resolute's retail customers, she said. Johnston said the center, slated for completion in August, will employ more than 30 people. She said construction of the center is the latest phase of $400 million Resolute is spending when it announced it was entering the tissue market in 2015. Click Read More below for additional information.

Canfor Corporation announced that it will implement reduced operating schedules at its Western Canadian sawmills effective April 4, 2022 due to the cumulative effects of the unprecedented global supply chain crisis that has been ongoing for several months. The reduced operating schedules will remain in effect for a minimum of four weeks and the Company will continue to assess and make adjustments to operating schedules as supply chain conditions evolve. “We are experiencing extreme supply chain challenges that are significantly impacting our operations and it has become imperative to reduce operating schedules to address our unsustainable inventory levels. We regret the impact that the reduced operating schedules will have on our employees, contractors and communities and we will make efforts to mitigate the negative effects,” said Don Kayne, President and CEO, Canfor. “We will continue to leverage our global operating platform to minimize disruptions in supply to our customers.” It is anticipated that the reduced operating schedules will impact production capacity by a minimum of 100 million board feet.

Fourth Quarter 2023 Financial Highlights: *Revenue of $686 million *Income from operations of $8 million; Net loss attributable to Tronox of $56 million *GAAP diluted loss per share of $0.36; Full Year 2023 Financial Highlights: *Total revenue of $2,850 million *Income from operations of $186 million; Net loss attributable to Tronox of $316 million; *Adjusted EBITDA of $524 million; *GAAP diluted loss per share of $2.02; *Capital expenditures of $261 million *Returned $89 million to shareholders in the form of dividends