Catalyst receives favourable U.S. ruling on countervailing duties
Published April 20th, 2017 by Catalyst Paper – Source
The U.S. Department of Commerce (DOC) has issued Final Results of its expedited review of Catalyst Paper and found the company received a negligible (de minimis) amount of subsidies during the applicable review period.
“We are pleased with the result, which confirms the DOC’s November 2016 preliminary finding that Catalyst did not receive any material subsidies from the provincial or federal governments,” said Joe Nemeth, President & Chief Executive Officer.
Going forward, Catalyst will be excluded from the countervailing duty (CVD) order on supercalendered (SC) paper.
“Catalyst would like to recognize and thank Premier Christy Clark and her government, along with the Government of Canada, for their defence of our company, our workers and our operating communities in this lengthy, cross-border trade dispute,” said Nemeth.
About Catalyst Paper
Catalyst Paper manufactures diverse papers such as coated freesheet, coated one side (C1S), flexible and industrial packaging, food service, coated and uncoated groundwood, newsprint, directory, as well as market pulp. Customers include retailers, publishers and commercial printers in North America, Latin America, the Pacific Rim and Europe. With five mills across North America, Catalyst has annual production capacity of 2.3 million tonnes. Catalyst is headquartered in Richmond, British Columbia, Canada, and has been ranked by Corporate Knights magazine for 10 consecutive years as one of the 50 Best Corporate Citizens in Canada.
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Senior Vice President, Human Resources & Corporate Services