Next year will see Catalyst Paper slash its newsprint production by more than 10%, Canadian Press reported CEO Russ…
Next year will see Catalyst Paper slash its newsprint production by more than 10%, Canadian Press reported CEO Russell Horner as saying.
“While I believe newsprint will always form a part of our portfolio, we have been on a constant program of reducing our exposure to newsprint. In 2007, we will only have one paper machine in the company fully dedicated to newsprint.”
CP further reported Horner as confirming demand for its pulp products is strong, however, market fluctuations make it difficult to cast long-term predictions.
“We expect the pulp market to remain strong for the balance of the year and probably into next year, but that’s about as far ahead as anyone can predict pulp.”
The company recently posted a profit of $2.5 million for the three months that ended on September 30, compared to a profit of $32.4 million a year ago.
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