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Resolute Idling U.S. Pulp Mill in Latest Hit to Paper Supplies

Company cites financial losses, “production upsets”

Inside The Resolute Forest Products Lumber and Pellet Mill

Photographer: James MacDonald/Bloomberg

Resolute Forest Products Inc. said it will idle its pulp and paper operations at a Tennessee mill because of “significant financial losses,” the latest in a series of production shutdowns in the industry that has dented supplies across North America.

The company’s Calhoun site has an annual capacity of 147,000 metric tons of pulp and 149,000 tons of paper, the Montreal-based company said in a statement Thursday. On a trailing 12-month basis, those businesses had an operating loss of $62 million in September before corporate expense allocation. The mill also faced “significant production upsets” this month and last.