Tembec Supports the Softwood Lumber Agreement
Montreal, Quebec, Canada 28 March 2014 -- Tembec Inc. (“Tembec”) employs over 3,000 in its operations in Quebec and Ontario, and strongly supports the Softwood Lumber Agreement for the stability and predictability of US market access that it provides for our customers, our employees and the many communities in which we operate. Thanks to the Softwood Lumber Agreement, lumber exports are free of export tax or quotas today and for the majority of the past year, resulting in a resurgence of exports from Ontario and notably Quebec.
Recent media reports have made broad generalizations about the views of the Quebec forestry industry, we would like to correct the record.
Tembec is pleased with the ruling and appreciates the Government of Canada defending the interests of the softwood lumber industry and for its recognition of the vital economic importance this agreement has for all regions across Canada.
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 3,500 employees and annual sales of approximately $1.6 billion. Tembec is listed on the TSX (TMB).