MONTREAL, May 23, 2012 /CNW Telbec/ - Tembec today planted the 300th million tree in the Northern Ontario Gordon Cosens Forest located near Kapuskasing. Planting on the Gordon Cosens Forest has been going on for more than 70 years and is still going strong; 4.5 million trees will be planted this spring.
Attending the event with other Tembec executives and employees, regional dignitaries as well as municipal representatives, President and Chief Executive Officer, James Lopez, recognized that "very few forests in Canada can lay claim to having planted 300 million trees. This is a truly significant achievement - one which deserves to be celebrated." "We are very fortunate to have a long history of sustainable forestry going back many decades and involving some of the pioneers of sustainable forestry in Canada. The Gordon Cosens was one of the first forests in Canada to achieve FSC certification. I would like to thank our employees, our suppliers that grow the seedlings and plant the trees for Tembec and the Ontario Ministry of Natural Resources for their support in renewing this forest," Mr. Lopez added.
During the ceremony, Mr. Lopez solemnly stated: "This important milestone is dedicated to two local foresters, Dan Simis and Chad McQuade, who were tragically taken from us on November 2, 2011, while carrying out reforestation work. Ensuring a forest for future generations was their passion. Their legacy will be everlasting."
The Gordon Cosens Forest, which borders the Missinaibi River and is situated near Kapuskasing, lies in the heart of Ontario's Claybelt region of the Boreal Forest. Characterized by expansive black spruce and mixed wood forests and home to a variety of boreal-forest dwelling animals, including moose and caribou, the Gordon Cosens Forest is managed by Tembec according to the high standards of the Forest Stewardship Council (FSC).
Tembec is a manufacturer of forest products - lumber, pulp, paper and specialty cellulose - and a global leader in sustainable forest management practices. Principal operations are in Canada and France. With annual sales of approximately $2 billion, Tembec has 4,000 employees and is listed on the TSX (TMB).
This press release includes "forward-looking statements" within the meaning of securities laws. Such statements relate, without limitation, to the Company's or management's objectives, projections, estimates, expectations or predictions of the future and can be identified by words such as "may", "will", "could", "anticipate", "estimate", "expect" and "project", the negative or variation thereof, and expressions of similar nature. Forward looking statements are based on certain assumptions and analyses made by the Company in light of its experience, information available to it and its perception of future developments. Such statements are subject to a number of risks and uncertainties, including, but not limited to, changes in foreign exchange rates, product selling prices, raw material and operating costs and other factors identified in our periodic filings with securities regulatory authorities. Many of these risks are beyond the control of the Company and, therefore, may cause actual actions or results to materially differ from those expressed or implied herein. The forward-looking statements contained herein reflect the Company's expectations as of the date hereof and are subject to change after such date. The Company disclaims any intention to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable securities legislation.
Linda Coates
Vice President, Communications and Public Affairs
Telephone: 416 775-2819
[email protected]
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