Monday, July 2, 2012

Tembec Gets Financing for Capital Project

Tembec announces $30 million in financing for specialty cellulose manufacturing facility in Temiscaming:
Tembec has entered into a $30 million loan facility with Integrated Private Debt Corp. (IPD).
The funds will be utilized to fund a portion of the previously announced $190 million capital project to upgrade Tembec’s specialty cellulose manufacturing facility in Temiscaming, Quebec.