DOMTAR CORPORATION

(UFS)
End-of-day quote Nyse  -  2021-11-28
55.49 USD   +0.02%
05/05Domtar Corporation Reports Earnings Results for the First Quarter Ended March 31, 2022
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04/22Domtar Partners With Nature Conservancy of Canada to Establish Largest Private Land Conservation Agreement in Canadian History
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04/22Domtar Partners With Nature Conservancy of Canada
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Domtar Partners With Nature Conservancy of Canada

04/22/2022 | 11:30am EDT

Domtar announced long-term partnership with the Nature Conservancy of Canada(NCC). A large private tract in Ontario spanning 1,450 square kilometers of boreal forest, that was managed as a wood supply to Domtar’s pulp and paper mills, will now be managed for research and conservation by The Nature Conservancy of Canada (NCC). The area, formerly known as the Hearst Forest, is recognized for its extraordinary ecosystem and abundant wildlife. Domtar has agreed to transfer ownership of the land to NCC for $7 million below its appraised value as a part of this partnership. Given the important ecological attributes of this previously harvested forest, the provincial and federal governments are supporting NCC’s interest in acquiring and managing this area. Domtar chose to partner with The Nature Conservancy of Canada on this project because of NCC’s commitment to the continued science-based management of this forest land and its practice of sharing the findings of research conducted on its conservation lands with the public.


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Managers and Directors
John David Williams President & Chief Executive Officer
Daniel Buron Chief Financial Officer & Executive Vice President
Hardi Wardhana Director
Tom Shih Director
Paola Farnesi Treasurer & Vice President
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