Tembec invests $190 million in cogeneration

China’s economic slowdown may be clouding North American lumber and pulp markets, but Montreal forest products giant Tembec Inc. is launching a $190-million cogeneration project in Témiscamingue and plans a future boost in capacity.

CEO James Lopez, who has led a five-year restructuring of Tembec, told analysts Tuesday the energy investment and capacity boost in the region in northwestern Quebec are key medium-term moves.

Lopez also hinted the “rebalancing” of Tembec’s various businesses – from high-value pulps to lumber and chemicals – is not over. The list includes mills in British Columbia and France.


Speak Your Mind