TEMISCAMING, QC, Nov. 2 /CNW Telbec/ - Tembec today confirmed that a fire occurred at its sawmill in Canal Flats, British Columbia. The fire was discovered at 10:30 Saturday evening and was quickly contained. Damage was restricted to the area housing the control centre for the sorting area of the mill. There were no injuries or environmental issues as a result of the fire.
Initial estimates indicate that the sawmill will be down for approximately two weeks and that the cost to repair fire-related damage will be less than $500,000. This will be confirmed following a more detailed review over the next couple of days. Employees will be advised as information becomes available.
Officials from the Fire Commissioner's Office will be on site today and relevant B.C. government departments are also being notified.
Tembec wishes to thank the fire brigades from the communities of Canal Flats and Fairmont for their prompt response, as well as site employees who also responded.
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 otherwise.
For further information: For further information: John Valley, Executive Vice President, Business Development and Corporate Affairs, (416) 775-2819, email@example.com; Tracy Dottori, Human Resources Manager, Forest Products Group, (819) 627-4591, firstname.lastname@example.org