Construction of a cellulose filament plant and optimization of the paper mill
C $
"Our investment in cellulose filaments represents an opportunity to enter into non-traditional growth markets," stated
Cellulose filaments are derived from wood fiber that is mechanically processed without chemicals or enzymes. They are manufactured entirely from renewable sources, resulting in a low carbon footprint. Offering a wide variety of uses and a number of benefits, the filaments can be integrated into commercial and consumer products from many industries, including transportation, construction and energy, increasing the resistance and durability of those products.
The new
Resolute will also invest
The cellulose filaments will be marketed with the help of
The project will be funded in part by
Cautionary Statements Regarding Forward-Looking Information
Statements in this press release that are not reported financial results or other historical information are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. They include, for example, statements regarding the investments in the Kénogami paper mill as well as the benefits and synergies expected from the investments. Forward-looking statements may be identified by the use of forward-looking terminology such as the words "will," "will be," "could," "may," "should," "believe," "project," "expect," and other terms with similar meaning indicating possible future events or potential impact on our business or our shareholders.
The reader is cautioned not to place undue reliance on these forward-looking statements, which are not guarantee of future performance. These statements are based on Resolute's management's current assumptions, beliefs, and expectations, all of which involve a number of business risks and uncertainties that could cause actual performance or outcomes to differ materially from those expressed or implied in this press release. The potential risks and uncertainties that could cause Resolute's actual future financial condition, results of operations and performance to differ materially from those expressed or implied in this press release include, but are not limited to, any inability to achieve or maintain the investments, benefits and synergies expected from the investments in the Kénogami mill, and the potential risks and uncertainties described under the heading "Risk Factors" in Part I, Item 1A of Resolute's annual report on Form 10-K for the year ended
All forward-looking statements in this press release are expressly qualified by the cautionary statements set out or referred to above and in Resolute's filings with the
About
Resolute has received regional, North American and global recognition for its leadership in corporate social responsibility and sustainable development, as well as for its business practices. Visit www.resolutefp.com for more information.
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