Domtar closures.Domtar Inc., Montreal, Quebec, Canada, will permanently close its wood products remanufacturing facility in Daveluyville, Quebec, and its only hardwood lumber operation in Sault Ste Marie, Ontario. The January 31, 2003 closure affects 200 employees. The Daveluyville remanufacturing facility produced 4 million board feet of edge-glued panels per year using 70 people. The Sault Ste. Marie Sault Sainte Marie — pronounced "Soo Saint Marie" (IPA /su seɪnt məˈɹi/) — is the name of two cities on the Saint Marys River, which forms part of the boundary between the United States and Canada. sawmill manufactured 18 million board feet of hardwood lumber per year with 180 employees. The closure affects 130 people. In other Domtar news: The company filed a preliminary prospectus Preliminary Prospectus A first draft registration statement filed by a firm prior to proceeding with an initial public offering of securities. The document, filed with the Securities & Exchange Commission, is intended to provide pertinent information to prospective shareholders with Canadian and United States regulatory authorities to allow Societe Generale de Financement du Quebec (SGF SGF Svenska Golfförbundet (Swedish Golf Federation) SGF Société Générale de Financement (Quebec, Canada) SGF Smart Game Format SGF Simulated Gastric Fluid ), via its subsidiary Defer Inc., to sell all its 36,340,498 common shares of Domtar. This offering, subject to regulatory approval, will occur concurrently in Canada and the United States The United States and Canada share a unique legal relationship. U.S. law looks northward with a mixture of optimism and cooperation, viewing Canada as an integral part of U.S. economic and environmental policy. . |
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