While certain government authorities in
Accordingly, Resolute expects to continue to operate in all of its business segments – pulp, tissue, wood products and paper – in
The company will continue to monitor the situation and to work closely with its valued customers to provide the high-quality products and strong support that they expect, particularly in these challenging times. The company will also continue to closely monitor the supply of incoming raw materials and work in collaboration with its numerous suppliers to secure the stability of the supply chain.
"These are certainly unprecedented times," said
Resolute has introduced special measures to minimize the spread of the virus at its locations, including: putting in place a company-wide risk management committee to monitor the situation and the implementation of preventive measures across all sites; developing a special support website for employees with guidelines, forms, FAQs and other relevant documents and links; making the necessary accommodations to support the health and well-being of employees and business partners; introducing restrictions on travel; canceling non-essential visits by external suppliers and other outside support services; and increasing safety measures for visits by service technicians, truck drivers and delivery personnel.
Cautionary Statements Regarding Forward-Looking Information
Statements in this press release that are not reported financial results or other historical information are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. They include, for example, statements regarding the expectation of the company to continue to operate in all of its business segments and the expected temporary capacity reductions. Forward-looking statements may be identified by the use of forward-looking terminology such as the words "will," "could," "may," "should," "believe," "expect," and other terms with similar meaning indicating possible future events or potential impact on our business or our shareholders.
The reader is cautioned not to place undue reliance on these forward-looking statements, which are not guarantees of future performance. These statements are based on Resolute's management's current assumptions, beliefs, and expectations, all of which involve a number of business risks and uncertainties that could cause actual performance or outcomes to differ materially from those expressed or implied in this press release. The potential risks and uncertainties that could cause Resolute's actual future financial condition, results of operations and performance to differ materially from those expressed or implied in this press release include, but are not limited to, the rapid evolution of the COVID-19 pandemic, its impact on Resolute's operations, the evolution of orders from different governmental authorities which may impact the company's operations, and the potential risks and uncertainties described under the heading "Risk Factors" in Part I, Item 1A of Resolute's annual report on Form 10-K for the year ended
All forward-looking statements in this press release are expressly qualified by the cautionary statements set out or referred to above and in Resolute's filings with the
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Resolute has received regional, North American and global recognition for its leadership in corporate social responsibility and sustainable development, as well as for its business practices. Visit www.resolutefp.com for more information.
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