TEMISCAMING, QC, June 19 /CNW Telbec/ - Tembec today advised that the
two-week shutdown of its Skookumchuck pulp mill that was set to begin on June
29 will not occur as planned.
This decision was attributed to some very recent positive changes in the
overall operating environment, including the effect of the Pulp and Paper
Green Transformation Program announced by the Federal Government earlier this
"While market conditions remain difficult, the recently announced Green
Transformation Program and some modest improvement in pulp pricing and in
fibre economics have sufficiently altered operating conditions to the point
where running the mill is a better course of action," said Yvon Pelletier,
Executive Vice President and President Pulp Group. "However, the operating
environment remains challenging. In particular, the availability of
economically viable fibre continues to be an issue."
The Company indicated it will continue to monitor economic and market
conditions closely and will adjust operating rates accordingly.
Tembec is a large, diversified and integrated forest products company
which stands as the global leader in sustainable forest management practices.
The Company's principal operations are located in Canada and France. Tembec's
common shares are listed on the Toronto Stock Exchange under the symbol TMB
and warrants under TMB.WT. Additional information on Tembec is available on
its website at www.tembec.com.
This press release includes "forward-looking statements" within the
meaning of securities laws. Such statements relate to the Company's or
management's objectives, projections, estimates, expectations or predictions
of the future and can be identified by words such as "will", "anticipate",
"estimate", "expect" and "project" or variations of such words. These
statements are based on certain assumptions and analyses made by the Company
in light of its experience and its perception of future developments. Such
statements are subject to a number of risks and uncertainties, including, but
not limited to, changes in foreign exchange rates, product selling prices, raw
material and operating costs and other factors identified in our periodic
filings with securities regulatory authorities. Many of these risks are beyond
the control of the Company and, therefore, may cause actual actions or results
to materially differ from those expressed or implied herein. The Company
disclaims any intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or
For further information:
For further information: John Valley, Executive Vice President, Business
Development & Corporate Affairs, (416) 775-2819, firstname.lastname@example.org; Tracy
Dottori, Human Resources Manager, Forest Products Group, (819) 627-4591,