Eacom Timber Corporation (ETR:CA) News

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 October 9, 2013 - 2:27 PM EDT
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EACOM Timber Corporation announces the reopening of its Ear Falls sawmill
EACOM Timber Corporation announces the reopening of its Ear Falls sawmill

MONTREAL and VANCOUVER, Oct. 9, 2013 /CNW Telbec/ - EACOM Timber Corporation ("EACOM", or the "Company") is pleased to announce today the reopening of the Ear Falls sawmill in the 2nd quarter of 2014.

Rick Doman, President and CEO of EACOM, wishes to thank Premier Kathleen Wynne and Natural Resources Minister David Orazietti for their support with this announcement.

"Ear Falls requires a long-term, secure and sustainable economic wood supply, and the arrangements that have been confirmed by Minister Orazietti are a significant step in this direction", stated Mr. Doman. "We also wish to thank Unifor, the union at Ear Falls, and leaders Kim Ginter - former CEP Ontario Vice-President, Stephen Boon - Unifor National Representative, and George Smith - Unifor Local 324 President. We also thank Mayor Kevin Kahoot and the Township of Ear Falls for their strong support of our reopening", Mr. Doman added.

EACOM intends to commence timber harvesting and wood purchasing operations in the first quarter of 2014 in order to build a saw log inventory for the sawmill. Refurbishment and improvement of sawmill equipment will commence this fall, as will the securing of key management and operations staff.

"As softwood lumber markets continue to steadily improve, we look forward to the resumption of sawmilling operations at Ear Falls, to the benefit of our customers, employees, suppliers, the community and our owners. Our goal is to create an efficient and profitable operation capable of continuous production during both strong and weak markets, bringing stability to our Company, our employees and the entire Ear Falls region", Mr. Doman concluded.


The business activities of EACOM consist of the manufacturing, marketing and distribution of lumber, wood chips and wood-based value-added products, and the management of forest resources. EACOM owns eight sawmills, all located in Eastern Canada, and related tenures. The mills are Timmins, Nairn Centre, Gogama, Elk Lake and Ear Falls in Ontario, and Val-d'Or, Ste-Marie and Matagami in Quebec. The mills in Ear Falls, Ontario, and Ste-Marie, Quebec, are currently idled. EACOM also owns a lumber remanufacturing facility in Val-d'Or, Quebec, and a 50% interest in an "I" joist plant in Sault Ste-Marie, Ontario.


Contacts for Media Relations:
Brian Nicks
Senior Vice-President
Forest Management and Operations
(705) 869-4020 ext. 271

Copyright CNW Group 2013

Source: Canada Newswire (October 9, 2013 - 2:27 PM EDT)