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Resolute Forest Products

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Resolute Forest Products
Resolute Forest Products
source
NameResolute Forest Products
TypePublic
Traded asNYSE: RFP
IndustryForestry and Pulp and paper industry
Founded2007
FounderRichard Garneau
HeadquartersMontreal, Quebec, Canada
Key peopleRichard Garneau, Yves Laflamme
ProductsWood products, pulp, Paper
RevenueUSD 3.7 billion (2020)
Num employees8,000
Websiteresolutefp.com

Resolute Forest Products is a leading global manufacturer of wood products, pulp, and paper, with operations in Canada and the United States. The company was formed in 2007 through the merger of Bowater Incorporated and Abitibi-Consolidated Inc., creating one of the largest pulp and paper companies in North America. Resolute Forest Products is listed on the NYSE under the ticker symbol RFP and is headquartered in Montreal, Quebec, Canada, with key people including Richard Garneau and Yves Laflamme. The company's products are used in a variety of applications, including packaging, tissue products, and lumber, and are sold to customers such as Procter & Gamble, Kraft Heinz, and Home Depot.

● History

The history of Resolute Forest Products dates back to the early 20th century, when Abitibi Power and Paper Company was founded in 1912 by Frank Anson, Hugh Blaney, and Frank Harris. Over the years, the company underwent several mergers and acquisitions, including the merger with Price Brothers and Company in 1979, and the acquisition of Donohue Inc. in 2000. In 2007, Abitibi-Consolidated Inc. merged with Bowater Incorporated to form Resolute Forest Products, with Richard Garneau as its first CEO. The company has since continued to grow and expand its operations, with significant investments in sustainability and environmental conservation, and partnerships with organizations such as the World Wildlife Fund and the Nature Conservancy of Canada. Resolute Forest Products has also been recognized for its commitment to corporate social responsibility, receiving awards such as the Dow Jones Sustainability Index and the FTSE4Good Index.

● Products and Services

Resolute Forest Products offers a wide range of products and services, including wood products such as lumber, plywood, and oriented strand board (OSB); pulp products such as market pulp and fluff pulp; and paper products such as newsprint, coated paper, and tissue products. The company's products are used in a variety of applications, including packaging, construction, and consumer goods, and are sold to customers such as Procter & Gamble, Kraft Heinz, and Home Depot. Resolute Forest Products also provides a range of services, including forestry management and woodland management, and has partnerships with organizations such as the Forest Stewardship Council and the Sustainable Forestry Initiative. The company's products are certified by organizations such as the Programme for the Endorsement of Forest Certification and the Canadian Standards Association.

● Sustainability and Environmental Efforts

Resolute Forest Products is committed to sustainability and environmental conservation, with a focus on reducing its carbon footprint and promoting responsible forestry practices. The company has set a number of sustainability goals, including reducing its greenhouse gas emissions by 65% by 2025, and sourcing 100% of its wood fiber from certified sustainable forests. Resolute Forest Products has also partnered with organizations such as the World Wildlife Fund and the Nature Conservancy of Canada to promote biodiversity conservation and ecosystem management. The company's sustainability efforts have been recognized by organizations such as the Dow Jones Sustainability Index and the FTSE4Good Index, and it has received awards such as the Sustainable Forestry Initiative's President's Award.

● Operations and Facilities

Resolute Forest Products operates a number of facilities across Canada and the United States, including sawmills, pulp mills, and paper mills. The company's operations are located in Quebec, Ontario, and Alberta in Canada, and in Maine, New Hampshire, and New York in the United States. Resolute Forest Products also has a number of forestry operations and woodland management services, and has partnerships with organizations such as the Forest Stewardship Council and the Sustainable Forestry Initiative. The company's facilities are certified by organizations such as the International Organization for Standardization and the Occupational Safety and Health Administration.

● Corporate Governance and Finance

Resolute Forest Products is a publicly traded company listed on the NYSE under the ticker symbol RFP. The company's corporate governance structure includes a board of directors chaired by Richard Garneau, and a management team led by Yves Laflamme. Resolute Forest Products has a strong commitment to corporate social responsibility and sustainability, and has been recognized for its transparency and accountability by organizations such as the Dow Jones Sustainability Index and the FTSE4Good Index. The company's financial performance is reported quarterly and annually, and is available on its website and through SEC filings. Resolute Forest Products has also received investment from organizations such as BlackRock and Vanguard Group, and has partnerships with banks such as Royal Bank of Canada and Toronto-Dominion Bank. Category:Forestry companies

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