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Management Side
Tembec Extends Curtailment of Newsprint Operations in Pine Falls, Manitoba
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Temiscaming, Quebec, Canada, 25 June 2009 – Tembec today announced a three week extension to the previously announced curtailment of the Pine Falls, Manitoba, newsprint operations. The original curtailment, which began on 16 June was estimated to be for three weeks.

“The market for newsprint continues to be challenging. This extended curtailment is a result of unacceptably low prices offered in some markets due to supply and demand imbalances and the black liquor tax credits available to some newsprint mills in the southern U.S.,” stated Chris Black, executive vice president and president of the Paper Group.

The effect of the overall curtailment is expected to result in a total reduction in production of 22,000 metric tons of newsprint. Tembec indicated it will continue to monitor market conditions and inventory levels closely and will adjust operating rates accordingly.

Tembec is a large, diversified and integrated forest products company and a 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 at www.tembec.com.
 


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