Tembec curtails pulp production at its Matane plant
18/09/2008 - 15:57
Tembec September 17, 2008 announced a one-week production curtailment at its Matane, Quebec pulp mill in order to balance inventory levels. The Matane hardwood high-yield pulp mill will stop production on September 21 and will resume production on September 28. This will result in approximately 5,000 tonnes of product not being produced. The Company will take advantage of this temporary shutdown to conduct maintenance work.
“This latest production curtailment follows recent announcements related to our Temcell and Tarascon pulp operations and is intended to prudently manage both inventory levels and working capital. This decision comes amidst declining pulp demand in Europe and Asia, prime markets for our Matane pulp mill. The shutdowns announced to date will reduce our total annual production by 21,500 tonnes,” said Yvon Pelletier, Executive Vice President and President of the Pulp Group.
Management has informed employees of the Company’s decision. The shutdown will affect roughly 60 out of the mills total workforce of 120.
The Matane mill has an annual production of 250,000 tonnes of hardwood high-yield pulp.
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