Resolute Forest Products and the World Wildlife Fund are pleased to announce that Resolute has become the largest manager of Forest Stewardship Council (FSC) certified forests in the world. The total area of Resolute-managed FSC-certified forests in North America is now 10.3 million hectares.
Resolute Forest Products and National Envelope announced a partnership that will provide customers with an expanded portfolio of solutions, including sheets using Resolute’s sustainable paper. This alliance is an integral part of both companies’ continued emphasis on providing eco-friendly solutions.
World Wildlife Fund (WWF) is pleased to welcome Resolute Forest Products, an organization committed to sustainability leadership as the newest member of its prestigious Climate Savers program. Resolute Forest Products has pledged to reduce the company’s absolute greenhouse gas (GHG) emissions by 65 percent by 2015 below 2000 levels.
Resolute Forest Products, formerly doing business as AbitibiBowater, began the rollout of its new company name and identity. AbitibiBowater Inc. and its subsidiaries will not change their legal entity names until the company obtains shareholder approval, as required by law, at its 2012 annual general meeting.
Veteran forest products industry leader Richard Garneau had a message Monday for critics of AbitibiBowater Inc.’s level of executive pay as it emerges from a major restructuring and faces highly competitive world markets. “My top priority is the long-term success of AbitibiBowater and I'm prepared to forgo $1.7 million in personal compensation this year to make my point.”
Other senior executives accepted special compensation last week, but he said companies with a long-term future must be able to attract and retain talented executives.
AbitibiBowater reported adjusted third-quarter earnings of $52 million on sales of $1.2 billion, little changed from a year
CLINTON TWP, MI—Macomb Printing has changed its name to Macomb Marketing | Media. There has been no change in management and the company will continue to offer the same print manufacturing, but it will include new offerings in its services mix.
“We are changing our name to Resolute Forest Products to better reflect the fundamental characteristics of the company we are today, including our determination, strength and resolve to be a profitable, sustainable organization,” stated Richard Garneau, AbitibiBowater president and CEO.
AbitibiBowater is considering reopening a second shuttered Quebec paper mill after unionized workers in Dolbeau-Mistassini (Quebec, Canada) unanimously agreed to change their contracts. The Montreal-based company now needs to secure a government supply of fibre for at least five years and then address energy issues at the mill.
Some 240 workers were employed at the mill’s two specialty grade commercial printing machines when production stopped in June 2009. It was permanently closed a year later, along with a newsprint mill in Gatineau.
As was the case in Gatineau, workers agreed to some sub-contracting of mechanics and workshop functions and other changes
AbitibiBowater will be investing between C$12-$17 million in the thermo-mechanical pulp mill and on paper machine number eight, the larger of the mill’s two machines. Paper machine upgrades will result in improved wet-end formation and newsprint quality.
After costing creditors $6 billion and its stockholders another $2 billion, newsprint giant AbitibiBowater wants to shed its past by changing its name to one selected by employees. The company expects to announce its new moniker in the fall after culling through more than 1,400 recent suggestions from employees, according to ForestTalk. Too bad it didn't ask its customers, former employees, investors, or creditors. We could have offered some colorful suggestions that don't entirely leave the past behind.
Dead Tree Edition’s nickname for the company, “AbitibiUnderwater” doesn't work now that it has emerged from bankruptcy protection nearly debt-free and perhaps even