MONTREAL, March 28, 2014 /CNW/ - Eacom Timber Corp. ("Eacom") applauds the ruling in favour of Canada on March 26, 2014, by a tribunal established under the dispute resolution process of the existing Softwood Lumber Agreement with the United States. The tribunal clarified that a payment award it had issued against Canada in 2011 had been satisfied by October 15, 2013. Duties collected since that time will be rightfully returned to exporters from Quebec and Ontario. Eacom appreciates the efforts of the Canadian Federal Government in continuing to represent our industry in promoting and protecting our rights under the existing agreement. Notwithstanding long standing trade friction and the most challenging of market conditions, the current agreement has brought unprecedented harmony between Canada and U.S. softwood industries over the last seven years evidenced by the existing dispute resolution process that has been shown to address grievances effectively. Although the industry is not always unanimous in its views on these matters, we encourage continued efforts to extend this agreement and its use in resolving softwood lumber trade challenges as they may exist or arise in the coming years.
EACOM Timber Corporation is a privately held company. The business activities of EACOM consist of the manufacturing, marketing and distribution of lumber, wood chips and woodbased value-added products, and the management of forest resources. EACOM owns eight sawmills, all located in Eastern Canada, and related tenures. The mills are Timmins, Nairn Centre, Gogama, Elk Lake and Ear Falls in Ontario, and Val-d'Or, Ste-Marie and Matagami in Quebec. EACOM also owns a lumber remanufacturing facility in Val-d'Or, Quebec, and a 50% interest in an "I" joist plant in Sault Ste-Marie, Ontario.
SOURCE: EACOM Timber Corporation
For further information: Media Relations: EACOM, 514-848-6815, 1-877-243-2266