Domtar maintains its activities, remabec: This article explores the topic in depth.
In addition,
Domtar maintains its activities. However, remabec:
With interest rates that remain high and a construction market that turns in slow motion in the United States, demand for timber is low, underlines Guillaume Julien, the director of corporate affairs at Domtar. In addition, “With compensatory and anti-dumping rights, the market is even more difficult,” he says. Furthermore,
At the moment, compensatory rights amounted to 6.74 %and anti -dumping rights at 20.56 %, to reach a cumulative rate of 27.3 %. Therefore, According to forecasts, compensatory rights will increase to 14.38 % in the coming weeks, and perhaps even in the coming days, worries Guillaume Julien.
Domtar has the advantage of being a large integrated company. For example, which allows it to hold on and pass through the storm. However, “There will be no impact on our operations. Moreover, we will domtar maintains its activities, remabec continue to provide our customers,” he said, before adding that the situation is reassessed every week.
Nevertheless. the forest giant asks the Canadian government to act to settle the dispute with the Americans. “If they cannot solve the problem. it is asked that the government puts in place various mechanisms as it did for the steel industry,” notes Mr. Julien.
Nine billion frozen dollars on the border – Domtar maintains its activities, remabec
Currently. almost nine billion dollars are frozen on the border because of the various customs duties and the industrialists domtar maintains its activities, remabec would like to be able to access these liquidity. Quebec has set up the border program to facilitate access to liquidity. Domtar would like Ottawa to launch a similar program.
For example. he would like Ottawa to set up a program that allows access to part of the frozen funds on the border because of the conflict.
A fragile recovery – Domtar maintains its activities, remabec
When stopped since the beginning of June, sawmills from the Rembec group are restarting. “We leave the operations gradually. we will see the reaction of the market over the next two weeks,” notes Pierre Cormier, co-president and chief operations. “We will see who will pick up with the tax”.
In other words. he wonders if the market and consumers will absorb the additional cost linked to these customs duties or if it is wood producers who will have to assume a loss. “If the market does not pick it up, it is sure that it will affect our operations,” he underlines.
For the moment, sawmills transform wood to avoid losses, explains Pierre Cormier. “It’s old wood that you have to pass before losing it,” he says.
Quebec drops its royalties by 26 %
To take into account the new reality of cumulative rights. the Quebec government has lowered its royalties by 26 domtar maintains its activities, remabec %. Thus, the average price of wood per cube meter goes from $ 14.99 to $ 11.12.
This drop will be retroactive on April 1, 2025, as the increase in compensatory rights will also be retroactive.
“An adjustment will be made within the framework of the quarterly indexing of the rates if the effective rate is different from the planned rate. ” said the Ministry of Natural Resources and Wildlife.
It should be noted. the price of the fees required by Quebec had doubled between 2018-2019 and 2022-2023, from 10 to more than 20 dollars per cubic meter on average.
“It gives oxygen. but the cost of round wood delivered to the factory is even more expensive in Quebec than in Ontario, $ 13.50 of the cubic meter more,” notes Pierre Cormier.
The latter would like Quebec to set up domtar maintains its activities, remabec a business structure similar to that of Ontario with a simpler tariff grid. financing for forest paths.
“The minimum rate is lower in Ontario and it rises faster when the price of wood rises,” he said. The price even becomes higher than in Quebec, but there is no problem paying more when you make money. ”
The Saint-Michel sawmill temporarily closes
Last week. the Saint-Michel sawmill, in Saint-Michel-des-Saints to announced that it would temporarily stop its activities from August 18, until October 13, because of the increase in customs duties.
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