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Domtar Corp.

03:45 PM EST - Domtar Corp. : said it has entered a joint venture company with forest products research institute, FPInnovations, to build the world's first one metric ton per day commercial-scale nanocrystalline cellulose demonstration plant at the Domtar Windsor, Quebec pulp and paper mill site. The cost of construction is around $32.4 million and operating costs are estimated at $8.4 million, for a total investment of $40.8 million. Domtar added that the construction will begin in the coming weeks and will take around 20 months to be completed. Domtar Corp.
T.UFS
shares T.UFS are trading down $1.02 at $50.58.