Last C$5.66 CAD
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As of 4:10 PM 01/27/15 All times are local (Market data is delayed by at least 15 minutes).

catalyst paper corp (CYT) Snapshot

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01/26/15 - C$6.77
52 Week Low
08/7/14 - C$1.90
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catalyst paper corp (CYT) Details

Catalyst Paper Corporation, together with its subsidiaries, produces and sells mechanical printing papers in western North America. The company operates through three segments: Specialty Printing Papers, Newsprint, and Pulp. The Specialty Printing Papers segment provides coated mechanical, uncoated mechanical, directory, and soft-calendared mechanical papers for retailers, commercial printers, and telephone directory publishers, as well as magazine and catalogue publishers. This segment sells its products through marketing personnel in North America, as well as through distributors and agents in other geographic markets. The Newsprint segment provides newsprint primarily for newspaper publishers in Western and Central North America, Asia, and Latin America. The Pulp segment offers northern bleached softwood kraft pulp products for producers of tissue, magazine papers, woodfree printing and writing papers, and specialty paper products through sales and marketing personnel in Canada, as well as through a network of agents internationally. The company was formerly known as NorskeCanada and changed its name to Catalyst Paper Corporation in 2005. Catalyst Paper Corporation was founded in 1946 and is headquartered in Richmond, Canada.

1,550 Employees
Last Reported Date: 03/4/14
Founded in 1946

catalyst paper corp (CYT) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$157.0K
Chief Financial Officer, Vice President of Fi...
Total Annual Compensation: C$290.0K
Compensation as of Fiscal Year 2013.

catalyst paper corp (CYT) Key Developments

Catalyst Paper Corporation Completes Acquisition of Paper Mills in Wisconsin and Maine

Catalyst Paper Corporation announced that it has completed the acquisition of the Biron paper mill located in Wisconsin and the Rumford pulp and paper mill located in Maine, USA from NewPage Corporation, NewPage Wisconsin System Inc., and Rumford Paper Company. The cash payment made on closing was $62.4 million, after giving effect to an adjustment under the purchase agreement based on estimated working capital at closing, and the final purchase price is subject to certain additional post-closing adjustments. The acquisition was financed through advances under Catalyst's ABL Credit Facility.

Catalyst Paper Corporation Announces Executive Appointments

Catalyst Paper Corporation announced appointment of Greg Maule as Senior Vice-President, US Operations and Linda McClinchy as Vice-President, US Supply Chain. Most recently, Mr. Maule was Vice-President, Manufacturing Operations at NewPage Corporation. Ms. McClinchy, most recently held the position of Vice-President, Customer Service at NewPage Corporation.

Catalyst Paper to Indefinitely Curtail Paper Machine at Powell River

Catalyst Paper announced the decision to indefinitely curtail the No. 9 paper machine, one of three machines at its Powell River operation. This decision is fully market-related as the company is facing a lack of orders and a declining market for the paper manufactured on paper machine No. 9, which was temporarily curtailed on October 27. It is anticipated that this change will result in the loss of 50 jobs at the Power River operations and the Surrey Distribution Centre, Catalyst's product distribution hub. The company will be working with employees and the Union locals on a transition plan to mitigate the impact of this decision.


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