Page 8 - Catalyst Paper News Today : Breaking News, Live Updates & Top Stories | Vimarsana

  VICTORIA -- Tuesday will mark 41 days since Vancouver Island has seen any measurable amount of rain, and that is drying up rivers in the Cowichan Valley. Work is underway to rebuild the banks of the Cowichan River after heavy winter rainfalls eroded them away. With the banks eroded, homes are vulnerable to flooding when waterflows are high. Dredging work will also be done to remove sedimentation from the river's floor. That work is to help save the upcoming salmon run. "We’re losing pool habitat, quite simply. It’s a place for adult salmon to hold as they’re getting ready to go ...

But at that rate, there would not be enough water into September, said Brian Houle, manager of environment for Catalyst Paper. That’s why the company is asking the provincial and federal government to allow the minimum flow to go as low as 4.5 cubic metres per second. If the minimum allowed flow isn’t dropped, Houle predicts there would be close to zero flow by summer’s end. Fisheries watchers around the province are concerned about the impact the drought will have on salmon. By now, most of the young salmon smolts have left the Cowichan River for marine waters, Houle said, although...

(CP) Paper Excellence is expanding into the U.S. with a deal to buy Domtar Corp. in an agreement with an enterprise value of about US$3 billion. The Richmond, B.C.-based company will pay US$55 per Domtar share in cash, a 37 per cent premium from May 3 when a media report disclosed a possible transaction. “This marks a major step in our global strategy of identifying well-positioned assets and positioning them for growth,” said Joe Ragan, Paper Excellence’s global chief financial officer. “We are enthusiastic about entering the American market as we continually improve Paper Excellence...

Paper Excellence intends to continue the paper and pulp manufacturing operations of Domtar as a standalone business entity. As such, Domtar will continue to be led by its management team and Paper Excellence plans to retain Domtar's Fort Mill, S.C.-based corporate office and paper and pulp mill locations.

Ross Marowits Domtar president and CEO John Williams arrives at the paper company's annual meeting, Wednesday, April 30, 2014 in Montreal. THE CANADIAN PRESS/Paul Chiasson May 11, 2021 - 2:02 PM Paper Excellence is expanding into the U.S. with a deal to buy Domtar Corp. in an agreement with an enterprise value of about US$3 billion. The Richmond, B.C.-based company will pay US$55 per Domtar share in cash, a 37 per cent premium from May 3 when a media report disclosed a possible transaction. "This marks a major step in our global strategy of identifying well-positio...