Press releases

Tembec provides June quarter forecast

June 18, 2010

Montreal, Quebec – Consistent with Tembec’s previously announced plans to enhance its liquidity and improve its balance sheet, the Company is evaluating current market conditions, and in connection therewith, will have discussions with certain investors. Such discussions may lead to questions regarding the Company’s performance in the current fiscal quarter. As such, Tembec today...

Tembec announces closing of the sale transaction between Tembec SAS and Paper Excellence B.V.

May 7, 2010

Temiscaming, Quebec – Tembec today announced that its European subsidiary, Tembec SAS has closed the sale transaction with Paper Excellence B.V. for the acquisition of 100% of the shares of Tembec Saint-Gaudens SAS and Tembec Tarascon SAS, two subsidiaries of Tembec SAS. Paper Excellence B.V. paid 66 million Euros for the shares and assumed 34 million Euros of debt of the two European subsid...

Tembec reports financial results for its second quarter ended March 27, 2010

April 28, 2010

Montreal, Quebec - Consolidated sales for the three-month period ended March 27, 2010 were $476 million, up from $417 million in the comparable period of the prior year. The Company generated nil net earnings in the March 2010 quarter compared to a net loss of $99 million or $0.99 per share in the March 2009 quarter. Earnings before non-recurring items, interest, income taxes, depreciation, amorti...

Tembec to hold a conference call – Financial results for the second quarter ended March 27, 2010

April 21, 2010

Temiscaming, Quebec – Tembec’s second quarter results for the period ended March 27, 2010 will be released on Wednesday, April 28, 2010. 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 participating wil...

Tembec announces signing of share purchase agreement between Tembec SAS and Paper Excellence B.V.; closing expected in early May 2010

April 19, 2010

Temiscaming, Quebec – Tembec today announced that its European subsidiary, Tembec SAS has signed a share purchase agreement with Paper Excellence B.V for the acquisition of 100% of the shares of Tembec Saint-Gaudens SAS and Tembec Tarascon SAS, two subsidiaries of Tembec SAS. Paper Excellence B.V. will pay 66 million Euros for the shares, as well as assume 34 million Euros of debt of the two...

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