Fibrek Inc

Type: Company
Name: Fibrek Inc
First reported Apr 16 2014 - Updated Apr 17 2014 - 2 reports

Resolute invests in sustainability

Apr. 17, 2014 - Resolute Forest Products released its 2013 Annual Report, which also includes an overview of its 2013 sustainability performance. This is the second year that sustainability performance information has been combined with the company's ... [Published Wood Business - Apr 17 2014]
First reported Feb 06 2014 - Updated Feb 06 2014 - 1 reports

Resolute loses $639-million in 2013

. today released net income, excluding special items ($746-million), of $107-million for the year ended Dec. 31, 2013, up 24 per cent compared with 2012, on sales of $4.5-billion, unchanged from prior year. Earnings per share, excluding special items ... [Published Stockwatch - Feb 06 2014]

Quotes

Mr. Garneau added: "After running the network at near-capacity in the fourth quarter, we expect to maintain our newsprint volume into the first quarter, despite seasonal lows. With our scale, financial strength and lower-cost operating platform, we're confident in our ability to be a long-term, reliable supplier for our customers. We expect to see lighter, but seasonally consistent, shipment volumes in the specialty segment, as supercalender grades back off their fourth quarter seasonal highs and coated papers continue to face pressure from lower demand and grade substitution. Our market pulp inventory fell by five days of supply in the fourth quarter, and while our average transaction price didn't reflect recent industry price announcements, mostly on account of grade mix, we expect that the improving market conditions will be more apparent in the first quarter, particularly in softwood and recycled grades. But the timing of worldwide capacity increases, mostly in hardwood grades, makes the second half of 2014 somewhat more uncertain. Based on the positive momentum of U S housing starts, we expect lumber pricing and shipments to hold near fourth quarter levels. But costs will remain under pressure because of lower wood allocation and the additional burdens imposed on producers with the province of Quebec's comprehensive modification of the forest tenure system. Generally speaking, seasonality has a strong influence on costs, and this winter looks to be a particularly difficult one, not just in terms of energy but also because of weather-related constraints in our distribution network in Canada and the U S , in addition to production disruptions at mills facing unusually harsh regional weather conditions, such as in the U S southeast."

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Resolute invests in sustainability [Published Wood Business - Apr 17 2014]
Resolute Forest Products Announces Availability... [Published PaperAge.com - Apr 16 2014]
Resolute loses $639-million in 2013 [Published Stockwatch - Feb 06 2014]
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