News

March 16, 2012 - Press Release

Tembec Invests in Plant Upgrading: The Industry Continues to Restructure

Québec City, March 16, 2012 – The Quebec Forest Industry Council (QFIC) is delighted by the announcement of the forest products company Tembec that it will be investing $310 million to improve its specialty cellulose plant in Témiscaming, Quebec.


During a first investment phase, $190 million will be dedicated to the commissioning of a biomass co-generation power plant, a now practically indispensable element for ensuring the competitiveness of a world-class paper mill.


A second investment phase of close to $120 million will serve to increase the production capacity for specialty cellulose, a move entirely in keeping with industry-wide work to upgrade and renovate facilities. As a result, Tembec will be able to broaden its basket of value-added products and position itself in response to future, growing demand for bioproducts derived from wood fibre.

 

“This investment is good news for the pulp and paper industry, offering a tangible illustration of how the entire forest products sector has engaged in the restructuring process with a view to increasing the competitiveness and performance of its plants,” declared  Mr. André Tremblay, CIFQ’s Chief Executive Officer.


About the QFIC
The QFIC is the voice of Québec's forest industry. The QFIC numbers more than 160 regular members operating in the softwood and hardwood lumber, veneer, pulp, paper, cardboard and panel sectors of Québec. Each year, these companies generate $12.9 billion in business and close to $4 billion in wages and benefits, of which nearly $1.5 billion is returned to governments in the form of taxes paid by companies and workers.

 

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Source: Laurence Drouin
  Assistant Director, Communications
Communications and Public Affairs
Quebec Forest Industry Council (QFIC)
418-657-7916, ext. 411
  laurence.drouin@cifq.qc.ca

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