Tembec requests Federal Government action to resolve dispute with China

MONTREAL, Oct. 15, 2014 /CNW Telbec/ - Tembec is requesting that International Trade Minister of Canada The Honourable Ed Fast enter into World Trade Organization (WTO) discussions with China to resolve the trade dispute related to dissolving pulp.

China imposed duties on shipments of viscose staple fibre pulp from selected countries including Canada. These duties negatively impact Tembec's operations and customers as we rely on market access to China for sale of viscose staple fibre. Rayon viscose, the first man made natural filament yarn and staple fiber is used in apparel, domestic textiles, and automotive applications.

Tembec supports rules-based trade of forest products as this provides our customers with a predictable source of quality products, provides stability to our mills, employees and communities. Tembec calls on the Federal Government to appeal China's decision to impose duties on Canadian dissolving pulp at the World Trade Organization.

"Tembec hopes dialogue between Canada and China will result in a resolution of the dispute in the short term," underlined Tembec President and CEO James Lopez.

Tembec is a manufacturer of forest products – lumber, paper, pulp and specialty cellulose – and a global leader in sustainable forest management practices. Principal operations are in Canada and France. Tembec has 3,500 employees and annual sales of approximately $1.6 billion. Tembec is listed on the Toronto Stock Exchange (TMB).

SOURCE: Tembec

For further information: Paul Krabbe, Vice President, Special Projects, Forestry, Tel.: 819 627-4743, paul.krabbe@tembec.com; Linda Coates, Vice President, Human Resources and Corporate Affairs, Tel.: 416 775-2819, linda.coates@tembec.com

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