Domtar Enters Linerboard Market BY GREG KISHBAUGH Fort Mill, South Carolina, plans to enter the linerboard mar- ket with the conversion of an uncoated freesheet printing and writing paper machine line in Kingsport, Tennessee. The converted line will make 600,000 tons per year of re- cycled-content linerboard and medium.
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The company recently released its second quarter fi- nancial report. Domtar reported net earnings of $19 million for the second quarter of 2020 compared to net earnings of $5 million for the first quarter of 2020 and net earnings of $18 million for the second quarter of 2019. Sales for the second quarter of 2020 were $1.0 billion. “We have been proactive in reducing risk and safe- guarding our ability to weather the current crisis,” said John D. Williams, President and CEO. “Despite the signif- icant challenges we faced in Pulp and Paper markets, we have been able to manage costs while initiating cash and cost conservation initiatives across the network.” When compared to the first quarter of 2020, manufac- tured paper shipments were down 32 percent, and pulp shipments increased 10 percent. The shipment-to-produc- tion ratio for paper was 105 percent in the second and the first quarters of 2020. Paper inventories decreased by 22,000 tons, and pulp inventories decreased by 2,000 metric tons when compared to the first quarter of 2020. The Kingsport, Tennessee, move is part a cost-savings program the company is implementing, targeting $200 million in annual run-rate cost savings to be realized by the end of 2021. The cost-saving initiatives include capaci- ty reduction and asset closures, mill-level cost savings and rightsizing support functions. The leaner organizational structure is also expected to improve communication flow and cross-functional collaboration, leveraging more effi- cient business processes. In line with the program, Domtar will permanently close the uncoated freesheet manufacturing at the Kingsport, Tennessee, and Port Huron, Michigan, mills; the remain- ing paper machine at the Ashdown, Arkansas, mill; and the converting center in Ridgefields, Tennessee. These actions will reduce the company’s annual uncoated freesheet pa- per capacity by approximately 721,000 short tons and will CONTINUED ON PAGE 24
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September 14, 2020
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