THUNDER BAY -- Resolute Forest Products is taking some satisfaction from the latest U.S. government ruling that imposes tariffs on Canadian newsprint.
The U.S. Commerce Department on Tuesday announced that a preliminary investigation had found Canadian exporters underpriced newsprint and other grades of paper by between 0 per cent and 22 per cent.
It calculated "dumping rates" for some producers, including 22 per cent for B.C.-based Catalyst Paper Corp. and Quebec-based Kruger Inc., but a 0 per cent rate for shipments from Resolute Forest Products.
Resolute spokesperson Seth Kursman says while the company takes "a measure of satisfaction" in the preliminary anti-dumping findings, "this is just one chapter in this long process."
In an emailed statement to Tbnewswatch, Kursman said: "We believe any level of duties to be inappropriate and certainly not in the best interests of our customers and the public good."
He said newsprint shipments from Resolute's Thunder Bay mill still remain subject to a 4.42 per cent preliminary countervailing duty imposed by the U.S. in January.
Stockholders meeting scheduled for Thunder Bay
The company will hold its annual meeting of stockholders in Thunder Bay in May.
It won't be the first time that the city has hosted the meeting.
Kursman said the company believes it's important to hold its AGMs in the various communities where it operates. Last year's meeting took place in Calhoun, Tennessee, where the company owns a pulp and paper mill.
Resolute owns or operates about 40 manufacturing facilities, as well as power generation assets, in Canada and the U.S.
The Thunder Bay meeting is scheduled for the Confederation College lecture theatre starting at 10:00 a.m. on Friday, May 25.
