Catalyst Paper Corporation announced that the US Department of Commerce (DOC) issued Final Results in its expedited review of the company. According to the announcement, received a negligible (de minimis) amount of subsidies during the applicable review period.
Therefore, the company will be excluded from the countervailing duty (CVD) order on supercalendered (SC) paper.
Joe Nemeth, Catalyst Paper’s President & Chief Executive Officer, commented:
“We are pleased with the result, which confirms the DOC’s November 2016 preliminary finding that Catalyst did not receive any material subsidies from the provincial or federal governments.
Catalyst would like to recognize and thank Premier Christy Clark and her government, along with the Government of Canada, for their defence of our company, our workers and our operating communities in this lengthy, cross-border trade dispute“
Earlier Catalyst Paper completed recapitalization and privatization.
About Catalyst Paper Corporation:
The company manufactures diverse specialty mechanical printing papers, newsprint and pulp. Its customers include retailers, publishers and commercial printers in North America, Latin America, the Pacific Rim and Europe. With five mills across North America, Catalyst has annual production capacity of 2.3 million tonnes. Catalyst is headquartered in Richmond, British Columbia, Canada, and is ranked by Corporate Knights magazine as one of the 50 Best Corporate Citizens in Canada.