Good vibes from the paper industryDomtar reported Q1 results:
Despite a still modest economic recovery we recorded strong financial results due to price increases and higher pulp, paper and wood shipments," said
John D. Williams, President and Chief Executive Officer. Discussing the Company's operations, Mr. Williams added, "Towards the end of the first quarter, our paper manufacturing system was balanced with our customer demand. We are now operating at full capacity with a lengthening backlog as a result of increased paper demand.
Reported net earnings of
$58 million (
$1.34 per share) for the first quarter of 2010 compared to a loss before items(1) of
$38 million (
.88 per share) for the first quarter of 2009.
Domtar to raise April 1 NBSK, NBHK pulp prices $50/tonne.
https://www.domtar.com/en/investors/pressreleases/index.asp?ID=1420556
https://www.risiinfo.com/pulp-paper/news/Domtar-to-raise-April-1-NBSK-NBHK-pulp-prices-50tonne.html