Domtar Announces Temporary Idling of Paper Capacity to Address COVID-19 Related Business Impact
Domtar Corporation (NEW) (UFS)
Last domtar corporation (new) earnings: 2/7 06:55 am
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US:NYSE Investor Relations:
domtar.com/en/investors/index.asp
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Source: Business Wire
Company to idle Kingsport, Tennessee mill and Ashdown, Arkansas A62 paper machine for three months FORT MILL, S.C.--(BUSINESS WIRE)--Domtar Corporation (NYSE: UFS) (TSX: UFS) today announced that it will temporarily idle the operations of its Kingsport, Tennessee mill and the A62 paper machine at its Ashdown, Arkansas mill for three months in response to the unforeseeable business conditions driven by the COVID-19 pandemic.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200406005471/en/The temporary shutdown will reduce Domtar’s uncoated freesheet paper production capacity by approximately 144,000 short tons over the three months’ period. As a result, Domtar will lay off approximately 304 employees at its Kingsport mill and 142 employees at its Ashdown mill.“The COVID-19 pandemic is having a negative impact on communication paper demand, with offices, businesses and schools still closed in a large part of our markets,” s
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