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Record Sales for Domtar’s European Personal Care Segment

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By: Tara Olivo

Associate Editor at Nonwovens Industry, Rodman Media

Domtar Corporation reported net earnings of $71 million for the fourth quarter of 2014 compared to $281 million for the third quarter of 2014 and net earnings of $65 million for the fourth quarter of 2013. Sales for the fourth quarter of 2014 were $1.4 billion.

In the personal care segment, sales were up to $230 million in the fourth quarter compared to $172 million in the same period a year prior.

“Looking back at 2014, we delivered a year of strong results with solid free cash flow generation. Overall, we had good operating performance despite lack-of-order downtime in paper and we continued to adjust to rapidly changing market conditions. We also turned an important corner on our journey to build a growing, fiber-based business through acquisitions, strategic investments in manufacturing capacity and the additional repurposing of existing assets. We ended the year with strengthened earnings potential for the long-term,” comments John D. Williams, president and chief executive officer.

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