Financial Reports & Markets
Resolute to adjust production capacity in response to COVID-19
March 26, 2020 By P&PC Staff
Resolute Forest Products says it expects to scale up pulp and tissue production and reduce capacity in its paper and wood products segments in response demand to during COVID-19.
“The company will adjust capacity dynamically based on the conditions and rapid evolution of the situation, but most of the capacity reduction is expected to come from the wood products and paper segments,” the company says in a statement. “The temporary capacity reductions will be implemented over the coming days and will be announced locally.”
Resolute says it will continue to monitor the supply of incoming raw materials and work in collaboration with its numerous suppliers to secure the stability of the supply chain.
Find out what safety measures Resolute is implementing for its workers here.
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