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Resolute signs agreement with Quebec

Mar. 3, 2014, Montreal - Resolute Forest Products has signed a framework agreement with the Quebec government.

The framework agreement provides for an increase in the timber supply guarantee for the La Doré and Saint-Félicien (Quebec) sawmills as part of the consolidation of Resolute's sawmill operations in the Saguenay-Lac-Saint-Jean region as well as the grant of a 150,000 cubic meter volume of wood for the Aboriginal community of Mashteuiatsh by the Quebec government, which will enable the community to carry out economic development projects.

According to Yves Laflamme, Senior Vice President, Wood Products, Procurement and Information Technology, these volumes will give the sawmills an additional wood supply to maintain their operations while enabling the First Nations community to ensure its economic development.

"Consolidation of our activities in the region works if we have enough wood to keep our sawmill operations viable. With this consolidation, we can maintain a level of activity that improves the profitability of these operations, keeps quality jobs in the region and ultimately lets us justify investments," Mr. Laflamme stated.

March 3, 2014  By CNW Telbec

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