MONTREAL, Feb. 15, 2013 /CNW Telbec/ - Tembec is announcing the
departure of Executive Vice President, Specialty Cellulose and Chemical
Group, Yvon Pelletier and is pleased to appoint Christian Ribeyrolle as
Executive Vice President, Specialty Cellulose. Mr. Pelletier will leave
the Company on February 22, 2013.
Mr. Ribeyrolle, who holds a chemical engineering degree from l'École
Nationale Supérieure de Chimie de Clermont-Ferrand in France, has been
with Tembec for ten years. He joined Tembec in 2003 as Manager of the
pulp mill in Tartas, France, with an annual production capacity of
150,000 metric tons. In 2008, he was promoted to the position of
Director of Sales, Specialty Cellulose, and in 2009, he became Senior
Vice President, Specialty Cellulose, and President, Tembec SAS
Under Mr. Ribeyrolle's leadership, Tembec has invested more than 50
million euros in the Tartas site, transforming its process and product
mix. When he joined Tembec, specialty cellulose accounted for just 20%
of production at Tartas. Today, the Tartas site manufactures 100%
specialty cellulose and has become the Company's best performing asset.
"Christian is a key member of Tembec's senior management team. He has
led the transformation of the Tartas mill, making it a very profitable
operation with a reputation that is recognized internationally in the
specialty cellulose market. Christian's deep expertise, his more than
25 years experience in the industry, and his skills as a manager, have
served to position Tembec among the global leaders in the specialty
cellulose market. We are very pleased to count on his contribution to
our executive team," said James Lopez, President and Chief Executive
Officer of Tembec. "Christian has been a tremendous asset in the
development of the specialty cellulose component of Tembec's business
portfolio," he added.
"I would like to take this opportunity to thank Yvon Pelletier for his
32 years of service and recognize his commitment to the Company during
his tenure with Tembec. We wish Yvon well," Mr. Lopez stated.
Tembec is the world's second leading producer of specialty cellulose
Refined from wood pulp, specialty cellulose is a component of products
in the pharmaceuticals, food, cosmetics, personal care, construction
and electronics industries, among others. It is a high margin business,
growing in the range of 4% to 5% per year. Specialty cellulose
represents 28% of total revenues.
A $190-million investment project is underway in Tembec's Temiscaming,
Quebec specialty cellulose facility. A $120-million Phase 2 to this
project is currently under study. This project announced on March 16,
2012 is one of the largest in the forest products industry in many
years and will further reinforce Tembec's position as the world's
second leading producer of specialty cellulose.
This investment will increase annual production of green electricity by
up to 50 megawatts, reduce sulfur dioxide emissions by 70%, increase
Temiscaming's annual production capacity of specialty cellulose as well
as make Temiscaming one of the world's lowest-cost specialty cellulose
The overall project will increase Tembec's annual production capacity of
specialty cellulose from the current 310,000 metric tonnes to 345,000
metric tonnes. The Temiscaming facility's production capacity will
increase from the current 160,000 metric tonnes to 195,000 metric
tonnes. Tembec's Tartas, France, specialty cellulose facility has a
current production capacity of 150,000 metric tonnes.
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 3,700 employees and annual sales of approximately
$2 billion. Tembec is listed on the TSX (TMB).
This press release includes "forward-looking statements" within the
meaning of securities laws. Such statements relate, without limitation,
to the Company's or management's objectives, projections, estimates,
expectations or predictions of the future and can be identified by
words such as "may", "will", "could", "anticipate", "estimate",
"expect" and "project", the negative or variations thereof, and
expressions of similar nature. Forward-looking statements are based on
certain assumptions and analyses made by the Company in light of its
experience, information available to it and its perception of future
developments. Such statements are subject to a number of risks and
uncertainties, including, but not limited to, changes in foreign
exchange rates, product selling prices, raw material and operating
costs and other factors identified in the Company's periodic filings
with securities regulatory authorities. Many of these risks are beyond
the control of the Company and, therefore, may cause actual actions or
results to materially differ from those expressed or implied herein.
The forward-looking statements contained herein reflect the Company's
expectations as of the date hereof and are subject to change after such
date. The Company disclaims any intention to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, unless required by applicable securities