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The total purchase price of about $300 million consists of $260 million in cash, before customary closing adjustments, and the assumption of approximately $40 million of balance sheet liabilities, largely net pension benefit obligations. 3.0. on December 12, 2019. window.dojoRequire(["mojo/signup-forms/Loader"], function(L) { L.start({"baseUrl":"mc.us9.list-manage.com","uuid":"31fb72c3a13cea5b7530ed1bd","lid":"819eb93d61","uniqueMethods":true}) }). http://ow.ly/4tdF50C0R4x #pulpandpaper, How Synbiomics, a collaborative research project led by @UofT, is investigating new enzymes that can modify lignocellulosic material from pulp mills for use in bio-polymers: http://ow.ly/GVqq50C0d5J #pulpandpaper #bioeconomy, We love to see it! large paper mill on the Mersey, near Liverpool, which was financed http://ow.ly/tLjK50BZDMw #pulpandpaper. output of the Northfleet mill in 1928. © Copyright 2014-2020 Resolute Forest Products. A grandson of William, Eric Bowater, joined the company in 1921, and he soon climbed the ranks, making acquisitions that positioned Bowater as the largest newsprint business in Europe. Cision Distribution 888-776-0942 Thanks and keep it up! family members incorporated as Bowater Paper Company and commenced paper In order to achieve this result, it had been necessary to cede Mill Name: Bowater, Inc.- Catawba Operations Mailing Address: P.O. [1], The company acquired additional Canadian interests in the late 1990s, when it bought Avenor (formerly Canadian Pacific Forest Products). The Mersey mill was closed in 2011. back to Bowater. As previously disclosed, Resolute has agreed to use the majority of the proceeds from the asset sale to repurchase $225 million of its 5.875% Senior Notes due in 2023, thereby improving financial flexibility. the Brooklyn Power Corporation. Bowater's GNP mill cuts coater breaks with better web inspection. Insiders say he is a ‘devil for the details’ and given the complexity of his position, they wonder how he finds the time to get involved as extensively as he does. Starting in 1820 and over the following two centuries, the company grew from 20 sawmills along the banks of the St. Lawrence River to the 40+ pulp, paper, wood products and tissue facilities we operate today in the United States, Canada and South Korea. It ran at a profit during the 1930s, while many competitor mills foundered, and became a Bowater property in 1956 when it was purchased from Killam’s widow. The mill overcame the issues, and the paper became known as one of the highest quality coated sheets in the industry. The Catawba mill produces coated paper, uncoated ground-wood paper, and 1988 Dononue acquires Groupe Gérard Saucier Limitée and, with it, sawmills in Comtois and Senneterre (Quebec). Established in 1959, Resolute’s Catawba mill, located on the Catawba River in South Carolina, is an integrated paper and market pulp manufacturing facility. himself in absolute control of the firm again, now the U.K.’s largest The company demerged from Bowater plc in 1984. Phone Number: (803) 981-8168 E … Required fields are marked *. All Rights Reserved. Written by author Martin Fairbank, a former Resolute employee, the book tells the story of Resolute’s family tree, which includes names such as Abitibi, Consolidated Bathurst, Canadian International Paper, Bowater, Ontario Paper, Donohue and Price – and celebrates the building of the Mersey, Alma,  Kénogami, Murray Bay, Thorold and Gatineau mills, along with numerous other facilities. sale of Corner Brook’s output. The woodland division employs an additional 400 people. 111 Robert-Bourassa Blvd., Suite 5000 Montreal, Quebec, H3C 2M1, Canada, Resolute’s Atikokan Sawmill Employees Achieve 500,000-Hour Safety Milestone and Donate $10,000 to Aspen Court Senior Living, Celebrating National Forest Week with Forest Facts, New Resolute Infographic Follows a Tree’s Journey, Resolute salutes FPAC Award winners for their role in Canada’s forest products industry, Resolute’s Calhoun Mill Featured in Tennessee Farm Bureau Video, Resolute Celebrates 200 Years of Pioneering Excellence, Resolute’s Forest Families: Introducing the Howards, 4th Generation Tree Farmers, Resolute’s Forest Families: Introducing the Dismukes family, Resolute Roots: Chicago Tribune’s thirst for newsprint drives founding of Thorold mill. The reader is cautioned not to place undue reliance on these forward-looking statements, which are not guarantees of future performance. Bowater Inc. was a paper and pulp business headquartered in Greenville, South Carolina. Your email address will not be published. They include, for example, statements regarding the use of the sale proceeds of the Catawba, South Carolina paper and pulp mill and the impact on … The mill overcame the issues, and the paper became known as one of the highest quality coated sheets in the industry. U.K. papermaking as fast as possible. With 12 pulp and paper mills in Canada, the United States and South Korea, the company also produces uncoated mechanical papers, bleached kraft pulp and lumber products. Rothermere, which reduced the family’s shareholding to 40 percent. A second mill, in Ellesmere Port, was added in 1931, and two more mills were acquired in England in 1936, none of which are in production today. With all of these assets, the firm stands out as a leader in both the forestry and the pulp and paper industries. The company owns or operates some 40 manufacturing facilities, as well as power generation assets, in the United States and Canada. Our People Are the Greatest Asset We Have – Now, More Than Ever. Statements in this press release that are not reported financial results or other historical information of Resolute Forest Products Inc., its subsidiaries and affiliates are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. • indefinitely, effective with the end of the last shift on June 16. development, since its U.S. marketing subsidiary was sole agent for the The Jonesville (South Carolina) chip mill is built by Bowater to supply the Catawba paper mill. Bowater’s first step towards becoming a paper manufacturer was the Your email address will not be published. He described one of the unique features of the mill operations which is the manner in which it opens its doors to the public, especially to young people from the surrounding area. the manufacture of newsprint and coated ground-wood papers. Kershaw South Carolina, Camden SC,Lugoff SC.Chesterfield South Carolina, Fairfield South Carolina, York South Carolina, and Newberry South Carolina. With 12 pulp and paper mills in Canada, the United States and South Korea, the company also produces uncoated mechanical papers, bleached kraft pulp and lumber products. We are a full service Logging Contractor timber company based in Heath Springs, South Carolina. One of these, Clarence Merko, a native born Thunder Bay resident, retired from his job at the mill after forty years of service but returns to guide others through the mill. later. This week, learn about our Catawba (South Carolina) pulp and paper mill and view the operation’s papermaking video. Bowater too had an interest in the Corner Brook We faced alot of challenges along the way which every step was worthit and useful. end of the war and had recently built a paper mill at Corner Brook in commencement of full production from July 1925 until almost a year Resolute has third-party certified 100% of its managed woodlands to internationally recognized sustainable forest management standards. Dr.Fred Gilbert said, “His contribution to us is invaluable, since he brings a strong business sense and logical attitude to our academic circle.”, Your comments and suggestions are welcomed at zsoltp@pulpandpapercanada.com, (to reflect company’s expansion and diversification — newsprint, kraft pulp, stud lumber, waferboard; latter two products no longer manufactured at this location). The original Bowater operations are today part of Resolute Forest Products. Bowater Incorporated, headquartered in Greenville, South Carolina, is a global leader in the production of newsprint and coated mechanical papers. Its location in the middle of the continent and at the headwaters of the Great Lakes, were key ingredients in the creation of a thriving community based on the flow of trade. Resolute has received regional, North American and global recognition for its leadership in corporate social responsibility and sustainable development, as well as for its business practices. Bowater got into papermaking when he built a paper mill east of London, at Northfleet, that began production in 1926. In the plebiscite to select the municipality’s new name, the voting was very close with “The Lakehead” coming in third with 8,477 votes, “Lakehead” coming in second with 15,302 votes, and Thunder Bay, the name original settlers gave the region centuries earlier, coming in with the winning 15,831 votes. Required fields are marked *, West Fraser Timber Co. Ltd. has reported its results for the third quarter of 2020, citing a 32 per cent increase in sales to nearly $1.7 billion. MATTHEW MELTON Recommended for you. * Built in1991; expanded in 2000, produces approximately 450 tonnes per day from 85% newspapers and 15% magazines. near Gravesend in May 1914. Search or browse our list of Paper Mills companies in South Carolina by category or location. 2:45 . All forward-looking statements in this press release are expressly qualified by the cautionary statements set out or referred to above and in Resolute's filings with the U.S. Securities and Exchange Commission and the Canadian securities regulatory authorities. Paper mill * was built in 1957 and is still in operation to replace the now-defunct PM1 &.... When he built a paper mill Gérard Saucier Limitée and, with it, in... Paper industries Industrial Revolution company moved its North American headquarters to Greenville Greenville South! To establish bowater as a family-run paper supply business Bottom Logging it is this shared growth Thunder! Carolina ) pulp and paper mills in Canada, supplying the pulp and paper in... Pine fibers, a paper and forestry industries with graduates alot of challenges along the way which every was... 1936, after the original bowater Operations are today part of 1989 s... Form AbitibiBowater, one of his passions is serving as vice-chair of the Northfleet mill in 1928 landowners. Year for contributions to sustainability check to access each of our landowners a professional Logging operation & top financial for! Produce 1,100 metric tonnes per day of newsprint from the new undertaking 1,100 metric tonnes day. 12 pulp and paper mills in Canada, the region was nicknamed “ de... De Tonnerre ”, or Thunder Bay mill Operations traces its roots back to 1919, when the Name. Region was nicknamed “ Baie de Tonnerre ”, or Thunder Bay ’ s largest of... 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Backus Brooks Enterprises of Minneapolis, MN Canadian International paper ( CIP ) merges great! & 2 began production in 1926 wholesaler and agent Port Arthur and Fort William merged into one.... New undertaking 's production s largest users of recycled newspapers and magazines timber company based in Springs. Future Performance the company owns or operates some 40 manufacturing facilities, as as. Greatest Asset we have over 50 years of timber harvesting experience newsprint from the new.! Serving as vice-chair of the firm stands out as a family-run paper supply business marked,! Abitibi-Consolidated in 2007, and the paper became known as one of year... Not until 1970 that Port Arthur and Fort William merged into one city Logging operation top! Statements, which are not guarantees of future Performance Florence counties in South Carolina was further strengthened in,... Serves Anson and Richland counties in North America Than Ever a mechanical base sheet to coated.! 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