TEMISCAMING, QC, Sept. 18 /CNW Telbec/ - Tembec today announced a
temporary shutdown at its Béarn sawmill located in Quebec. The shutdown will
be effective October 8, 2007 and last for two weeks. This shutdown comes in
addition to the ongoing idling of its sawmills in La Sarre, Quebec and
Timmins, Ontario and shorter term production curtailments at its Cochrane,
Ontario and Elko, British Columbia sawmills announced earlier this summer.
"This shutdown is due to a combination of factors, including a sharp
decline in overall market conditions, product pricing, and the continued high
value of the Canadian dollar," said Dennis Rounsville, Executive Vice
President and President of Tembec's Forest Products Group. "Cost
competitiveness is always a key issue and becomes particularly critical in
market conditions such as those we are currently facing. The lack of
availability of affordable saw logs in this region has made this mill
particularly vulnerable to such market challenges."
The Béarn sawmill has an annual production capacity of 110,000 Mfbm of
SPF lumber and employs approximately 150 people.
Management has already met with employees to inform them of the Company's
Tembec is a large, diversified and integrated forest products company.
With operations principally located in North America and in France, the
Company employs approximately 9,000 people. Tembec's common shares are listed
on the Toronto Stock Exchange under the symbol TBC. Additional information on
Tembec is available on its website at www.tembec.com
For further information:
For further information: John Valley, Executive Vice President, Business
Development and Corporate Affairs, (416) 775-2819; Tracy Dottori, Corporate
Manager, Organizational Development, (819) 627-4591