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DTC Defence Therapeutics Inc

0.518
-0.01 (-1.89%)
31 Jul 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type
Defence Therapeutics Inc TG:DTC Tradegate Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.01 -1.89% 0.518 0.50 0.536 0.548 0.486 0.548 27,920 22:50:01

Domtar announces changes to its operational structure

27/10/2005 2:32pm

PR Newswire (US)


Defence Therapeutics (TG:DTC)
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TICKER SYMBOL DTC (TSX, NYSE) MONTREAL, Oct. 27 /PRNewswire-FirstCall/ -- Domtar Inc. announced today the appointment of Richard Garneau to the position of Executive Vice- President, Operations, effective immediately. Reporting to Raymond Royer, President and Chief Executive Officer, Mr. Garneau will be responsible for the papers, pulp, and wood sectors. He will also have the task to review the Corporation's operational structure and processes as well as to conduct an aggressive review of the activities so as to implement targeted cost-cutting measures company-wide before year-end. "The current business context and market changes are posing unprecedented challenges for our Corporation, as demonstrated by our third quarter financial results. This pressure will continue to be felt in terms of production and distribution costs, especially when amplified by a strong Canadian dollar," explained Raymond Royer. "I am particularly pleased to announce Richard Garneau's appointment. His broad experience of more than 30 years in the paper and forest products industry, including positions at Donohue Inc., St-Laurent Paperboard Inc., Norampac Inc. and, since 2002, as Senior Vice-President, Forest Products at Domtar, is considered an invaluable asset at a time of accelerated changes," added Raymond Royer. DOMTAR IS THE THIRD LARGEST PRODUCER OF UNCOATED FREESHEET PAPER IN NORTH AMERICA. IT IS ALSO A LEADING MANUFACTURER OF BUSINESS PAPERS, COMMERCIAL PRINTING AND PUBLICATION PAPERS, AND TECHNICAL AND SPECIALTY PAPERS. DOMTAR MANAGES ACCORDING TO INTERNATIONALLY RECOGNIZED STANDARDS 18 MILLION ACRES OF FORESTLAND IN CANADA AND THE UNITED STATES, AND PRODUCES LUMBER AND OTHER WOOD PRODUCTS. DOMTAR HAS 10,000 EMPLOYEES ACROSS NORTH AMERICA. THE COMPANY ALSO HAS A 50% INVESTMENT INTEREST IN NORAMPAC INC., THE LARGEST CANADIAN PRODUCER OF CONTAINERBOARD. DATASOURCE: DOMTAR INC. CONTACT: Christian Tardif, Manager, Corporate and Financial Communications, (514) 848-5515, ; Source: Raymond Royer, President and Chief Executive Officer, ; http://www.domtar.com/; To request a free copy of this organization's annual report, please go to http://www.newswire.ca/ and click on reports@cnw.

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