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Tembec to Take Downtime at Pine Falls Newsprint Mill

June 3, 2009 - Tembec late yesterday said that it will temporarrily curtail operations at its Pine Falls, Manitoba, Canada newsprint facility.

The shutdown will be for a minimum of three weeks, beginning June 16, and affect approximately 300 employees at all levels of the organization – from the newsprint and forestry, Tembec said.

The downtime is the result of ongoing challenging market conditions for newsprint, the company said.

"Market and operating conditions remain challenging for North American newsprint producers, driven by the significant decline in demand for newsprint and the related need to manage inventory levels and working capital. As a result, this curtailment is unavoidable," said Chris Black, executive vice president and president, Paper Group.

The curtailment is expected to result in lost production of 11,000 tonnes of newsprint.

Tembec indicated it will continue to monitor market conditions closely and will adjust operating rates accordingly.

Employees were advised of the company's decision at meetings held earlier on Tuesday.

SOURCE: Tembec




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