In addition to the previously announced Advantage NTT tissue machine, the company has committed to the purchase of the new Futura Andromeda converting technology and Infinity packaging solution. The selection of the state-of-the-art equipment followed a rigorous process to ensure best-in-class flexibility and ability to deliver the highest quality products for the premium quality consumer market.
On June 1, 2015, the company unveiled a $270 million investment in a new facility that will manufacture at-home, premium private label tissue paper, including bath and towel. The operation is expected to begin producing tissue in the 1Q 2017.
"This completes the selection of major equipment and finalizes the first step in delivering the highest quality product to retail customers for their store brands," stated Richard Garneau, president and CEO.
The move into the tissue market represents an important step forward in Resolute's growth strategy, and the company will continue to evaluate opportunities to expand its presence in this growing market segment.
Resolute Forest Products is a global leader in the forest products industry with a diverse range of products, including newsprint, specialty papers, market pulp and wood products.
