Resolute invests $38 million to build cellulose filaments plant in Quebec
MONTREAL, January 15, 2020-
Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) today announced the construction of a commercial plant specializing in the production of cellulose filaments, a new sustainable biomaterial derived from wood fiber, at its Kénogami paper mill in Quebec as well as the optimization of the mill, at a total cost of $38 million.
"Our investment in cellulose filaments represents an opportunity to enter into non-traditional growth markets," stated Yves Laflamme, president and chief executive officer, during a press conference attended by government representatives, local dignitaries and employees. "The cellulose filament and Kénogami mill optimization projects will create synergies within our network of operations in Saguenay‒Lac-Saint-Jean."
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