Tembec cuts production at Ontario sawmill
Tembec, the Montreal-based international lumber producer, will take downtime at its Huntsville, Ontario, hardwood sawmill effective today.
The sawmill will be restarted on a one-shift basis July 16, with the second shift continuing to be idle for an indefinite period, the company said.
"This one-week shutdown and the subsequent indefinite shutdown of the second shift are due to a combination of factors, including overall market conditions for hardwood lumber, economic sawlog availability and the high value of the Canadian dollar," said Dennis Rounsville, executive vp and president of Tembec's Forest Products Group.
Tembec has yearly sales of about $3.5 billion, with approximately 9,000 employees worldwide.