Domtar has sold its text, cover and writing product lines to SMART Papers of Hamilton, Ohio. SMART is an independen…
Domtar has sold its text, cover and writing product lines to SMART Papers of Hamilton, Ohio. SMART is an independent manufacturer and marketer of premium cast-coated, matte-coated and uncoated printing papers.
Domtar decided to sell the line as part of its focus on streamlining its manufacturing system through divesting brands that are isolated within its paper product offering. This focus will be important as we continue to grapple with tough market conditions, said Raymond Royer, president and CEO for Domtar.
Difficult operating conditions fueled by high raw materials, fibre, chemicals and transportation costs also factored into the decision. Domtar estimates that inflation pressures will drive costs in these areas even further upwards, by $35 million in the first quarter of 2008.
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