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Cascades, Resolute named to Canada’s top corporate R&D spenders list
November 28, 2019 By P&PC Staff
Resolute's Thunder Bay, Ontario pulp and paper mill. Photo: Resolute Forest Products Cascades and Resolute Forest Products have been named to the 2019 list of Canada’s Top 100 Corporate R&D Spenders.
Research Infosource Inc., an R&D research firm, compiles the Top 100 ranking based on companies who that have made financial commitments in increase Canada’s global competitiveness in the knowledge economy.
Cascades ranked #65 on the list after spending $30.8 million on research and development in 2018, which was 31.5 per cent less than the company spent on R&D the year prior.
Cascades operates an R&D Centre in Kingsey Falls, Quebec, with nine laboratories staffed with 40 professionals who tackle industry challenges across pulping, papermaking, microbiology, recycling, tissue and testing.
Resolute ranked #79 after spending $15.6 million on R&D in 2018, which was up 8.3 per cent over the 2017 fiscal year.
In May 2019, Resolute inaugurated a biorefinery plant at its Thunder Bay, Ontario pulp and paper mill with the eventual goal of large-scale production of bio-chemicals derived from wood.
According to the company’s blog, Resolute is also working with Mercer International’s to develop commercial applications for cellulose filaments, a new source of biomaterial made of wood fibre.
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