Summary
Resolute Forest Products Inc., together with its subsidiaries, operates in the forest products industry in the United States, Canada, Mexico, and internationally. The company operates through four segments: Market Pulp, Tissue, Wood Products, and Paper. The Market Pulp segment offers virgin and recycled bleached Kraft pulp, which is used to make a range of consumer products, including tissue, packaging, specialty paper products, diapers, and other absorbent products. The Tissue segment provides various tissue products, such as recycled and virgin paper products for the away-from-home and retail markets; and sells parent rolls. The Wood Products segment produces construction-grade and spruce-pine-fir lumber products, wood chips, bed frame components, finger joints, and furring strips for pulp and paper mills, as well as I-joists for the construction industry. The Paper segment offers newsprint to newspaper publishers, as well as to commercial printers for uses comprising inserts and flyers. This segment also provides various uncoated mechanical papers, including supercalendered and white papers, as well as uncoated freesheet papers. Its specialty papers are used in books, retail inserts, direct mail, coupons, magazines, catalogs, bags, and other commercial printing applications. This segment sells specialty papers to commercial printers, direct mailers, publishers, catalogers, and retailers. The company also produces electricity at cogeneration facilities and hydroelectric dams. Resolute Forest Products Inc. is headquartered in Montreal, Canada.
History
On 29 January 2007, Bowater Inc and Abitibi-Consolidated announced they would be merging to create AbitibiBowater. The merger created the third largest pulp and paper company in North America, and the eighth largest in the world. On 16 April 2009 the company filed for bankruptcy protection in the United States and similar protection under the Companies' Creditors Arrangement Act in Canada, eventually reporting debt of about US$6 billion. The company won court approval for an injection of $206 million to get it through its financial restructuring in April 2009 and emerged from creditor protection on 9 December 2010. AbitibiBowater changed its operating name to Resolute Forest Products on 1 July 2012.
Predecessor companies
The following are the principal predecessor companies of Resolute:
Mission
Our mission is to deliver superior value to our customers, employees and shareholders through operational excellence, innovative products and services, strategic investments and partnerships.
Vision
Our vision is to be a leader in the forest products industry and be the company of choice for our customers, employees and investors.
Key Team
Mr. Hugues Simon (Pres of Wood Products Division)
Mr. Daniel Viboux (VP & Chief Accounting Officer)
Ms. Lori Kilgour (Sr. VP of Process Improvement & Chief Information Officer)
Marianne Limoges (Treasurer & VP of Investor Relations)
Ms. Stephanie Leclaire (Sr. VP of Corp. Affairs, Chief Legal Officer & Corp. Sec.)
Mr. Seth Kursman (VP of Corp. Communications, Sustainability & Gov. Affairs)
Mr. Daniel Ouellet (Sr. VP of HR)
Recognition and Awards
Resolute has been recognized for its commitment to sustainability initiatives. The company has been named Forest Stewardship Council Chain-of-Custody Leader of the Year, awarded the CDP’s Forest 500 Sector Leader Award and has achieved FSC’s highest certification level.
References
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