Domtar Refutes Media Report About Dryden Mill Status
Nov. 10, 2007 - Domtar confirmed late yesterday that contrary to a media report, the company did not announce the closing of its Dryden, Ontario facility.
On Wednesday (Nov. 7), analyst Mark Bishop of RBC Capital Markets, in an interview with The Canadian Press, discussed the current market conditions facing Canadian pulp and paper producers and indicated that smaller paper machines in eastern Canada could be at risk of shutdowns.
"Obviously, their focus is more on trying to manage the supply side but they're going to have to cut costs wherever possible given the dollar. I do think you are going to see more casualties on the smaller, older paper machines that are producing specialties," he said in the interview.
Then, according to The Canadian Press, Bishop commented that the mill in Dryden, Ontario, which was idled for much of the third quarter, will likely be among the first to be indefinitely closed.
However, in the statement issued by Domtar on Friday, the company said the Dryden mill continues to operate according to its production schedule.
SOURCE: Domtar and CBC News