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Tembec Reduces Production in British Columbia
Temiscaming, Quebec, Canada, 14 January 2008 -– Tembec today announced a reduction of production in British Columbia, via a reduced work week, at its Elko sawmill and corresponding planer mill, commencing the week of 14 January 2008, and at its Canal Flats sawmill and corresponding planer mill, starting the week of 21 January 2008.

Over the next three months, Tembec will take the equivalent of three weeks of production downtime, through reduced shifts at the mills. Tembec is working with Human Resources and Social Development Canada (HRSDC) to implement a Work Sharing Program to reduce the effects on its affected employees during this period. Production requirements will be re-evaluated following the initial three-month period.

These curtailments will reduce production by approximately 24,000 mbf, bringing the annualized reduction since July 2007 to 124,000 mbf. The Canal Flats and Elko sawmills and planer mills have a combined annual production capacity of 420,000 mbf of SPF lumber and employ approximately 480 people.

“These curtailments are being taken due to the sharp decline in demand for lumber, given poor housing market conditions in the United States, low lumber prices, and the impact of the high-valued Canadian dollar relative to the U.S. currency,” said Dennis Rounsville, executive vice president and president of Tembec’s Forest Products Group. “We are doing all we can in order to minimize the impact of this decision on our employees and the affected communities,” Rounsville said.

Management has informed employees of all affected sites of the company’s decision.

Tembec is a large, diversified, and integrated forest products company. With operations principally located in North America and in France, the company employs approximately 8000 people. Tembec’s common shares are listed on the Toronto Stock Exchange under the symbol TBC. Additional information on Tembec is available on its website at www.tembec.com.

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