Resolute Forest Products invests $50 million in its sawmills
Resolute Forest Products Inc. announced additional capital investments of $50 million in its wood products operations to support its continued growth, and it confirmed the repayment of all amounts outstanding under its revolving and term credit facilities, reducing debt by $180 million in the 2Q. "The cash generated with our lumber platform in these strong lumber markets provides the opportunity to share benefits directly with shareholders," said Remi G. Lalonde, president and CEO. "We're also enhancing long-term value by improving our company fundamentals with investments in high-return and quick payback lumber projects in ...
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