Tembec announced a four-year $136 million capital investment program in its Québec facilities to improve competitiveness, centered on its specialty cellulose pulp operation at the Temiscaming manufacturing site.
This investment qualifies Tembec to benefit from power users under the Electricity Discount Program for Consumers Billed at Rate "L". Tembec will be reimbursed for an amount of up to $55 million , representing 40% of the $136 million investment.
The proposed investments will cover a number of upgrades at the Temiscaming site, including the long-planned replacement of 11 existing pulp digesters, a project required for the site to remain competitive in global markets. Work is already underway, with one digester replaced to date.
Some of the new investment also will go toward reducing greenhouse gas emissions, as part of Tembec's long-term commitment to reducing its impact on climate change. The Temiscaming site's high-yield pulp and coated bleached board manufacturing facilities will also benefit from new investments as will the Matane high-yield pulp facility.
The Temiscaming site is supplied mainly with wood fiber from local forests and sawmills in the Abitibi-Témiscamingue region. Tembec has a total of some 1,500 employees in Québec of which 800 work at the Temiscaming site.
Tembec is a manufacturer of forest products – lumber, paper pulp, paper, and specialty cellulose pulp – and a global leader in sustainable forest management practices.
