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(NYSE: UFS) (TSX: UFS)
MONTREAL, July 10, 2014 /PRNewswire/ - Domtar Corporation (NYSE: UFS) (TSX: UFS) and UPM (NASDAQ OMX Helsinki: UPM1V) today announced that the companies have entered into an agreement for UPM to become the exclusive distributor of Domtar's BioChoice™ lignin in Europe. The agreement takes effect on August 1st, 2014.
BioChoice™ lignin is produced at Domtar's biorefinery in Plymouth, North Carolina. A by-product of the kraft pulping process, BioChoice™ is a 100% bio-based sustainable alternative to fossil-based products, and also holds the USDA Certified Biobased product label.
"Our lignin separating process is groundbreaking as it allows us to offer high quality kraft lignin in commercial quantities," said Domtar's Richard Mullen, Vice-President Market Development and Analysis. "UPM is an ideal partner for Domtar in many ways, as they have a strong presence in the European market and also years of experience with biomaterials."
"We at UPM are truly excited about this agreement, not only because we get a great product in our offering, but also because together with Domtar we can develop the market and offer our customers sustainable, value added products for a growing variety of end uses," said UPM's Juuso Konttinen, Vice President Biochemicals.
About Domtar
Domtar Corporation (NYSE: UFS) (TSX: UFS) designs, manufactures, markets
and distributes a wide variety of fiber-based products including
communication papers, specialty and packaging papers and absorbent
hygiene products. The foundation of its business is a network of world
class wood fiber converting assets that produce papergrade, fluff and
specialty pulps. The majority of its pulp production is consumed
internally to manufacture paper and consumer products. Domtar is the
largest integrated marketer of uncoated freesheet paper in North
America with recognized brands such as Cougar®, Lynx® Opaque Ultra, Husky® Opaque Offset, First Choice® and Domtar EarthChoice®. Domtar is also a leading marketer and producer of a broad line of
incontinence care products marketed primarily under the Attends®, IncoPack and Indasec® brand names as well as baby diapers. In 2013, Domtar had sales of
US$5.4 billion from some 50 countries. The Company employs
approximately 10,000 people. To learn more, visit www.domtar.com.
About UPM
Through the renewing of the bio and forest industries, UPM is building a
sustainable future across six business areas: UPM Biorefining, UPM
Energy, UPM Raflatac, UPM Paper Asia, UPM Paper Europe and North
America and UPM Plywood. Our products are made of renewable raw
materials and are recyclable. We serve our customers worldwide. The
group employs around 21,000 people and its annual sales are
approximately € 10 billion. UPM shares are listed on NASDAQ OMX
Helsinki. UPM - The Biofore Company - www.upm.com
SOURCE Domtar Corporation
