Domtar Inc. reported its profit soared 380 percent in the first quarter due to higher paper prices and productivity improvements. Domtar is the largest producer of specialty and fine papers in Canada.
Net earnings jumped to $48.7 million, from last year's C$15 million. Net sales rose 26 percent to C$873 million from C$695 million a year ago, the Montreal-based company said.
Operating profit reached C$138 million compared with C$55 million.
Explore the April 2000 Issue
Check out more from this issue and find your next story to read.
Latest from Recycling Today
- Electrostatic technology vies for role in ASR sorting
- ReMA board to consider changes to residential dual-, single-stream MRF specifications
- Trump’s ‘liberation day’ results in retaliatory tariffs
- Commentary: Waste, CPG industries must lean into data to make sustainable packaging a reality
- DPI acquires Concept Plastics Co.
- Stadler develops second Republic Services Polymer Center
- Japanese scrap can feed its EAF sector, study finds
- IRG cancels plans for Pennsylvania PRF
