Press releases

Tembec completes sale of land in British Columbia

June 25, 2014

Montreal, Quebec – Tembec today announced the closing of the sale of approximately 17,700 hectares of land located within the Regional District of East Kootenay, British Columbia, to Jemi Fibre Corp. (“Jemi”), which sale was previously announced on April 25, 2014. Total consideration for the transaction was $15 million. The transaction is the first part of a two phase sale. ...

Tembec reports financial results for its second quarter ended March 29, 2014

April 28, 2014

Montreal, Quebec - Consolidated sales for the three-month period ended March 29, 2014, were $362 million, as compared to $407 million in the same quarter a year ago. The Company generated a net loss of $28 million or $0.28 per share in the March 2014 quarter compared to a net loss of $31 million or $0.31 per share in the March 2013 quarter. The March 2014 results were impa...

Tembec announces conditional sale of land in British Columbia

April 25, 2014

Montreal, Quebec – Tembec today announced that it has reached an agreement to sell approximately 49,500 hectares of land located within the Regional District of East Kootenay, British Columbia, to Jemi Fibre Corp. (“Jemi”) for a price of $35 million (“Transaction”). The Transaction includes a seven year earn-out provision pursuant to which Tembec would be entitle...

Tembec to hold a conference call – Financial results for the second fiscal quarter ended March 29, 2014

April 22, 2014

Montreal, Quebec – Tembec’s second fiscal quarter results for the period ended March 29, 2014, will be released on Monday, April 28, 2014 after the close of the market and the conference call is scheduled for Tuesday, April 29, 2014 at 11:00 a.m. James Lopez, President and Chief Executive Officer and Michel Dumas, Executive Vice President, Finance and Chief Financial Officer will be co...

Tembec sells its pulp mill in Chetwynd, British Columbia

March 10, 2014

Montreal, Québec – Tembec Inc. (“Tembec”) announced today that it has closed the sale of its pulp mill and related assets (“Mill”) located in Chetwynd, British Columbia to Paper Excellence Canada Holdings Corporation (“Paper Excellence”) for a nominal amount. The Mill had been shut down since September 2012. Approximately 80 employees are included ...

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