MONTREAL, Dec. 17, 2012 /CNW Telbec/ - Following last Friday's
announcement by the Ontario Ministry of Northern Development and Mines
to continue support for Northern Ontario Industry by extending the
Northern Industrial Electricity Rate (NIER) for three years, Tembec
acknowledges and applauds the commitment of this Government to sustain
the resource sector, employees and communities in the region.
Tembec President and Chief Executive Officer James Lopez stated that,
"partnering with the Government is helping to create an economic
environment that is more favourable for our renewable resource
industry, and enables forest products companies like ours to look ahead
with greater confidence. In a period where controlling energy costs is
essential to remaining competitive, we need to keep working together to
ensure continued industrial development and to sustain jobs in Northern
Tembec is a manufacturer of forest products - lumber, pulp, paper and
specialty cellulose - and a global leader in sustainable forest
management practices. Principal operations are in Canada and France.
Tembec has some 4,000 employees and annual sales of approximately
$2 billion. Tembec is listed on the TSX (TMB).
For further information:
Vice President, Human Resources and Corporate Affairs
Tel.: 416 775-2819