Business Strategy

Tembec strengthens its position in the field of special cellulose

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Tembec, i.e. a Canadian producer of timber, pulp, paper, cellulose and special cellulose that is listed in the Toronto stock exchange, has announced a four-year plan of investments worth 136 million dollars for its Temiscaming plant in Québec. The aim is to improve the competitiveness of the plant by focussing on the production of cellulose. Tembec is a world producer of special cellulose, which is used to bind, reinforce, thicken and generally improve a large number of products for the pharmaceutical, cosmetic, food, electronic, building and energy sectors. Some sectors of the special cellulose market are registering an annual growth of 4%. Furthermore, this investment enables Tembec to profit by discounts in the electricity price applicable to large industrial users within the framework of the electricity discount programme introduced by the Québec government for 2016-2017: based on said programme, Tembec will be reimbursed up to 55 million dollars, i.e. 40% of total investments.The planned investments will concern a given number of updates at the Temiscaming site, including the long-term replacement of well eleven cellulose digestors. Some of the new investments will also contribute to the reduction of greenhouse gas emissions within the framework of Tembec’s long term commitment to reduce the impact of climate change. The Temiscaming site mainly receives wooden fibres coming from local forests and sawmills in the Abitibi-Témiscamingue region. Tembec totally employs about 1,500 employees in Québec (out of a total of 3,000 worldwide), 800 of whom work at the Temiscaming site.

 

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