Tembec is putting into motion a series of short-term and indefinite closures at its Quebec, Ontario and BC sawmills…
Tembec is putting into motion a series of short-term and indefinite closures at its Quebec, Ontario and BC sawmills. These curtailments come on top of ongoing, full or partial closures.
The facilities to be affected by two-week closures in July and August are Senneterre, Taschereau, and Barn in Quebec. Mills to be implicated in this series of closures in Ontario are Hearst and Chapleau. In British Columbia, Tembec plans to indefinitely shut down the third shift at its Elko sawmill and Cranbrook planer mill, in addition to the third shift at its Cochrane sawmill and planer mill in Ontario, as well as the second shift at the Cranbrook finger joint mill in BC, effectively cutting 120 million board feet from the market. These curtailments, combined with previously announced closures at Timmins, La Sarre in Quebec and Kirkland Lake in Ontario, are resulting in a total annualized curtailment of more than 300 million board feet.
“These shutdowns are being taken due to a combination of factors,” said Dennis Rounsville, Executive Vice President and President of Tembec’s Forest Products Group. “These include holiday scheduling, the sharp decline in demand for lumber, low lumber prices and the impact of the high value of the Canadian dollar.”
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