Tembec invests in competitiveness

MONTREAL — Tembec has announced a four-year, $136 million capital investment program in its Quebec facilities to improve competitiveness, centered on its specialty cellulose pulp operation at the Temiscaming manufacturing site. This investment qualifies Tembec to benefit from electricity rebates applicable to large industrial power users. The company will be reimbursed up to $55 million, representing 40% of the $136 million investment. The program, introduced in the Quebec government’s 2016-2017 budget, applies to significant investments in the four-year period up to the end of calendar 2020 which increase productivity or improve energy efficiency.