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Domtar & Tembec drop deal

Domtar Inc. and Tembec Inc. will not proceed to create a forest products joint venture.

Domtar Inc. and Tembec Inc. will not proceed to create a forest products joint venture.
On June 19, 2003, Domtar and Tembec announced that they had reached an agreement-in-principle to create a joint venture that would put together the timber and softwood lumber operations of both companies in the provinces of Ontario and Quebec.