Personal care is growth driver for Domtar; CEO sees opportunities in AI, baby, fluff pulp; looks for new ways to go to market




CLOVERDALE, CA, August 18, 2016-

Domtar reported mixed results for its second quarter but much of the good news came from its personal care group, which includes a growing portfolio of hygiene products operations along with the EAM airlaid business. Domtar CEO John Williams told his firm’s quarterly analyst call late last month that personal care has significant opportunities for additional organic growth as well as being a potential platform for further acquisitions.

The overall company’s sales for the second quarter, at $1.27 billion, were 3.3% lower than in the year-ago period. However, personal care sales rose by 5.6% to $228 million, with the firm’s declines coming on the pulp and paper side. Even personal care saw a drop in operating income, however, recording $15 million for the quarter compared with $17 million a year ago. For Domtar as a whole, second quarter net earnings of $18 million were down 53% year-over-year. Excluding items such as a $22 million restructuring charge related to conversion to fluff pulp at Ashdown, Arkansas, Domtar’s net earnings for the quarter dropped by $1 million to $38 million.


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