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Tembec Plans Newsprint, Lumber Downtime in Kapuskasing

July 10, 2009 - Tembec yesterday announced a temporary curtailment of its newsprint and sawmill operations in Kapuskasing, Ontario, Canada.

The shutdown will run from July 24 to August 10, Tembec said.

Approximately 510 employees at all levels of the newsprint, sawmill and forestry operations will be affected.

The company said the shutdown is directly related to the ongoing challenging market conditions for newsprint and lumber.

"Market and operating conditions remain challenging for North American newsprint and lumber producers," said Chris Black, executive vice president and president, Paper Group."The recent extremely low newsprint pricing and the continuing low demand for newsprint and lumber, coupled with the related need to manage inventory levels and working capital, make this curtailment unavoidable."

Tembec said the curtailment is expected to result in lost production of 11,000 tonnes of newsprint and 3 million board feet of lumber.

SOURCE: Tembec




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