The Montreal-based company is to take charge of Domtar’s sawmills and timber rights in Québec and Ontario and has already outlined plans to improve productivity at the facilities.
“We will be investing up to C$50m in certain mills over the next three years using state-of-the-art technology to improve productivity and wood-based energy systems to lower purchased energy costs,” said Ken Shields, chair of Conifex’s board of directors.
Last November, Domtar reported improved profits resulting from a restructuring plan put in place to counter losses.
