Press releases

Tembec reports financial results for its second quarter ended March 26, 2011

April 27, 2011

Montreal, Quebec - Consolidated sales for the three-month period ended March 26, 2011, were $452 million, as compared to $476 million in the comparable period of the prior year. The Company generated net earnings of $7 million or $0.07 per share in the March 2011 quarter compared to nil net earnings in the March 2010 quarter. Operating earnings before depreciation, amortization and other specific ...

Tembec’s non-operating U.S. subsidiary files for Chapter 7

April 25, 2011

Montreal, Quebec – Tembec Inc. announced today that its non-operating U.S. Subsidiary, Tembec USA LLC has filed a petition seeking relief under Chapter 7 of the Bankruptcy Code of the United States. Tembec USA LLC operated a coated paper mill located in St. Francisville, Louisiana (“Mill”). The mill was idled in July 2007 and the property and equipment subsequently sold to a thi...

Tembec to hold a conference call – Financial results for the second fiscal quarter ended March 26, 2011

April 20, 2011

Temiscaming, Quebec – Tembec’s second fiscal quarter results for the period ended March 26, 2011 will be released on Wednesday, April 27, 2011. James Lopez, President and Chief Executive Officer and Michel Dumas, Executive Vice President, Finance and Chief Financial Officer will be conducting a conference call intended for financial analysts and institutional investors. Also participat...

Tembec announces closing of the sale of its hydro-electric generating assets located in Smooth Rock Falls

March 29, 2011

Temiscaming, Quebec – Tembec today announced that it has closed the sale of its hydro-electric generating assets located in Smooth Rock Falls, Ontario, to Gemini-SRF Power Corporation. Total consideration for the hydro assets, which have a capacity of approximately 7.4 megawatts, is $16.5 million. "This transaction is consistent with the Company's strategic plan and represents an ...

Tembec announces new $200 million asset-based secured revolving credit facility

March 4, 2011

Temiscaming, Quebec – Tembec today announced that it had entered into a new $200 million asset-based secured revolving credit facility with GE Capital and CIBC. The new five-year facility expires in February 2016 and will effectively replace an existing $205 million revolving credit facility that would have expired in December 2011. The new facility has a first priority charge over the recei...

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