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Domtar benefits from rival’s mill closure

Sept. 13, 2013 - Shares of Domtar, a Montreal-based copy paper producer, rose almost 16 per cent on Wednesday on the news of its rival shutting a mill. The news of the closure comes only one week after Domtar shares hit a two-year low. 

International Paper closed its mill in Alabama thus eliminating eight per cent from the North American supply capacity and helping to rebalance a declining market. The demand for uncoated freesheet in North America has been declining since 1999 but the decline has recently accelerated as consumers switch to electronic billing. 

For more information, go to www.theglobeandmail.com.

September 13, 2013  By  Amie Silverwood

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