MONTREAL, Nov. 9, 2012 /CNW Telbec/ - Tembec inaugurated today a new
steam turbine at its Tartas mill in France. This green energy
investment of 16 million euros (C$21 million) was announced in December
2010 as part of the Company's strategy to make this mill a key facility
in its core specialty cellulose business. The new turbine has been in
operation since June.
The project will generate significant benefits in terms of energy
production, environmental performance and economic growth, so it is a
win-win-win story. The new turbine, driven by a biomass boiler, will
increase the Tartas mill's production of green electricity and improve
its energy self-sufficiency, while surplus green electricity will be
sold to the EDF utility, benefiting the community at large. All this
will reduce costs for the Tartas mill, improving Tembec's competitive
position in the high-growth specialty cellulose industry.
The high-purity specialty cellulose manufactured by the Tartas mill is
in great demand by such industries as cosmetics, pharmaceuticals,
personal care, food and construction. Specialty cellulose is used in
various applications as a binder, texturizer, splatter-control agent
and strengthening agent.
In an address to dignitaries and employees who gathered for the event,
Tembec President and CEO James Lopez said that, "Tembec is a world
leader in specialty cellulose production and we intend to remain a
preferred supplier to sophisticated, demanding customers everywhere on
the planet. Our total investment in the Tartas mill of over 100 million
euros in 10 years demonstrates our commitment and our confidence in the
management, personnel and partners of our business in France," he
added.
Tembec is a manufacturer of forest products - lumber, pulp, paper and
specialty cellulose - and a global leader in sustainable forest
management practices. Principal operations are in Canada and France.
Tembec has some 4,000 employees and annual sales of approximately
$2 billion. Tembec is listed on the TSX (TMB).
This press release includes "forward-looking statements" within the
meaning of securities laws. Such statements relate, without limitation,
to the Company's or management's objectives, projections, estimates,
expectations or predictions of the future and can be identified by
words such as "may", "will", "could", "anticipate", "estimate",
"expect" and "project", the negative or variations thereof, and
expressions of similar nature. Forward-looking statements are based on
certain assumptions and analyses made by the Company in light of its
experience, information available to it 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 the Company's 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 forward-looking statements contained herein reflect the Company's
expectations as of the date hereof and are subject to change after such
date. The Company disclaims any intention to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, unless required by applicable securities
legislation.
SOURCE: TEMBEC