FAQ

Frequent question: What does Domtar stand for?

Domtar makes products that people around the world rely on every day. We design, manufacture, market and distribute a wide variety of communication, specialty and packaging papers, market pulp and airlaid nonwovens.

Moreover, is Domtar Canadian or American? We established our headquarters in Montreal, Quebec, in 1914, incorporated as a Canadian company 15 years later, and sold shares to the public. We grew into one of Canada’s largest companies, with business interests ranging from chemicals to fine paper, consumer products to packaging. We became known as Domtar Ltd.

As many you asked, who makes Domtar paper? Paper Excellence, a global manufacturer of pulp and printing, writing, specialty, and packaging papers, has acquired Domtar, the largest integrated producer of uncoated free-sheet paper in North America, for $55.50 per share.

Correspondingly, what happened to Domtar? Acquisition by Paper Excellence On May 11, 2021, Western Canadian forest products company Paper Excellence announced that it was acquiring Domtar Corp. for US$2.8-billion.

You asked, is Domtar shut down? Domtar Paper Mill Company permanently shut down its operations on the A62 paper machine at the Ashdown mill back in August due to cost-cutting measures in response to the economic slowdown caused by the COVID-19 pandemic. 109 were laid off.

When did Domtar close in Cornwall?

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I was 15 years old at the time, and although I was a young high school student with only friends and homework to worry about, even I was aware of the tragic news for many families throughout our city: Domtar would be closing permanently on March 31, 2006. On Dec. 9, 2004, Domtar Inc.

Is Domtar a union?

The union that signed a four-year deal at Domtar’s Kamloops pulp mill hopes the new contract will pave the way for investments by the corporation.

How much is Domtar worth?

Domtar has a market cap or net worth of $2.80 billion. The enterprise value is $3.01 billion.

Is Domtar being sold?

Domtar sold to Richmond-based Paper Excellence for close to $3 billion. It appears Domtar will be going private. The publicly-traded company, which owns the pulp mill in Kamloops, has been sold to Paper Excellence for about $3 billion. Reports indicate the deal is worth $2.8 billion.

Is Paper Excellence buying Domtar?

[California, USA] – The Paper Excellence Group, a global diversified manufacturer of pulp and specialty, printing, writing, and packaging papers, today announced the successful closing of its previously-announced acquisition of Domtar (NYSE: UFS) (TSX: UFS), a leading provider of fiber-based products.

Was Domtar bought out?

(WJHL) – Domtar will be acquired by a paper manufacturing company in a deal representing three billion dollars. According to a release from Domtar’s newsroom, Paper Excellence and Domtar entered an agreement which resulted in all of Domtar’s shares of common stock. They were purchased at a rate of $55.50 per share.

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What products does Domtar make?

  1. Xerox® Paper and Specialty Media.
  2. Lettermark™ Office Paper.
  3. EarthChoice® Office Paper.
  4. Cougar®
  5. Lynx®
  6. Husky®

What does Domtar produce?

WITH UNMATCHED INDUSTRY KNOWLEDGE, DOMTAR HAS BEEN A TRUSTED AND INNOVATIVE PULP SUPPLIER FOR MORE THAN 60 YEARS. We are one of the world’s largest producers of market pulp used to make paper, tissue, towels, diapers, personal hygiene items and fiber-reinforced materials.

Does Weyerhaeuser own Domtar?

Weyerhaeuser Company on August 23 announced that it has reached a definitive agreement to combine its Fine Paper business and related assets with Domtar Inc. The transaction gives Weyerhaeuser shareholders 55 percent ownership in the new company and includes a $1.35 billion cash payment to Weyerhaeuser.

What industry is Domtar?

Domtar Industries LLC. Domtar Industries Inc. manufactures paper and its related products. The Company offers its product which includes printing, business and office, publishing, xerox paper and personal related products.

Who is the owner of Paper Excellence?

Paper Excellence is part of the gargantuan and opaque corporate empire of the multi-billionaire Widjaja family of Indonesia. It is also owner of the controversial Northern Pulp mill in Nova Scotia.

What is the factory in Dryden Ontario?

The Dryden pulp mill sits along the Wabigoon chain of lakes in northwestern Ontario. The city of Dryden is one of the smallest communities in Ontario, but it offers many natural resources that make it well-suited for pulp and paper production and a vibrant home for pulp mill workers and outdoor enthusiasts.

Is Domtar publicly traded?

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Stock Charts and General Information Domtar’s annual sales are approximately $5.5 billion, and its common stock is traded on the New York and Toronto Stock Exchanges under the UFS symbol. Data Provided by Refinitiv.

Who bought Domtar Kamloops?

On May 11, 2021, Paper Excellence and Domtar, based on Montreal and Fort Mill, S.C., entered reached an agreement for Richmond-based Paper Excellence to purchase Domtar for $55.50 per share, a deal worth about $3 billion in United States currency.

How many mills does Paper Excellence have?

After the completed transaction, Paper Excellence now has more than 2,400 employees at seven mills. Through innovation and adaptability, we provide cellulose based products at lowest possible cost.

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