Fibrek announces temporary shutdown of Saint-Félicien mill
TSX: FBK
www.fibrek.com
MONTREAL, July 27, 2012 /CNW Telbec/ - Fibrek Inc. (TSX: FBK) has announced the temporary shutdown of its market pulp mill in Saint-Félicien starting on July 29, 2012 in order to carry out repairs on the electrostatic precipitator. The shutdown is expected to last about one week. This measure has been taken to avoid excessive particulate emissions into the atmosphere and attests to the commitment of Fibrek's new management to improve the Company's environmental performance.
"We will spare no effort to ensure that Fibrek's operations achieve the same environmental performance as those of Resolute Forest Products" said Richard Garneau, President and Chief Executive Officer of Fibrek and Resolute Forest Products Inc. (NYSE : RFP) (TSX : RFP).
About Fibrek
Fibrek (TSX: FBK) is a leading producer and marketer of high-quality
virgin and recycled kraft pulp. The company operates three mills
located in Saint-Félicien, Québec, Fairmont, West Virginia, and in
Menominee, Michigan with a combined annual production capacity of
760,000 tonnes. Fibrek has approximately 500 employees. The
Saint-Félicien mill provides northern bleached softwood kraft pulp
(product known as NBSK pulp) to various sectors of the paper industry
mainly in Canada, the United States and Europe, for use in the
production of specialized products. The Fairmont and Menominee mills
manufacture air-dried recycled bleached kraft pulp (product known as
RBK pulp) and primarily supply manufacturers of fine uncoated paper,
tissue paper for commercial and industrial uses, and coated paper in
the United States.
Forward-Looking Statements
This press release contains "forward-looking statements" within the
meaning of applicable securities laws. These statements can be
identified by expressions of belief, expectation or intention, as well
as those statements that are not historical facts and include
statements concerning Fibrek's future outlook, business strategy,
plans, expectations, results or actions, or the assumptions underlying
any of the foregoing. Forward-looking statements can generally be
identified by words such as "may", "should", "would", "could", "will",
"intend", "plan", "anticipate", "believe", "estimate", "expect",
"outlook" and similar expressions. These statements are based on
information currently available to Fibrek's management and on the
current assumptions, intentions, plans, expectations and estimates of
Management regarding Fibrek's future growth, results of operations,
performance, business prospects and opportunities and ability to
attract and retain customers as well as the economic environment in
which it operates. Forward-looking statements are subject to known and
unknown risks, uncertainties and other factors that could cause actual
results of Fibrek to differ materially from the conclusion, forecast or
projection stated in such forward-looking statements. These risks,
uncertainties and other factors include, but are not limited to:
general economic conditions, pulp prices and sales volume, exchange
rate fluctuations, cost and supply of wood fibre, wastepaper and other
raw materials, pension contributions, competitive markets, dependence
upon key customers, increased production capacity, equipment failure,
disruptions of production, capital requirements and other factors
referenced in Fibrek's continuous disclosure filings which are
available on SEDAR at www.sedar.com. Readers should not place undue reliance on these forward-looking
statements. These forward-looking statements are made as of the date of
this press release and, except as required by applicable securities
laws, Fibrek assumes no obligation to update or revise them to reflect
new events or circumstances.
SOURCE: FIBREK INC.
For further information: Investor Relations:
Jo-Ann Longworth
Vice President and Chief Financial Officer
514-394-2345
Media and Other:
Jacques Vachon
Vice President, Legal Affairs and Corporate Secretary
514-394-2398