Correcting...Tembec is launching its Tembec Environmental Fund in each region in Ontario and Quebec.TEMISCAMINGUE, Quebec--(BUSINESS WIRE)--May 22, 1997--TEMBEC (ME;TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :TBC tbc abbr (= to be confirmed) → por confirmar tbc abbr (= to be confirmed) → noch zu bestätigen tbc abbr .A) Tembec Inc. is pleased to announce that it is launching its Tembec Environmental Fund in each region in Ontario and Quebec hosting its forest operations. The Tembec Environmental Fund will support the Company principles and guidelines on social and environmental responsibility. The fund is established using net after-tax profits from a mill or group of mills during a given fiscal year. Each year, five cents ($0.05) will be paid in the fund for every cubic metre Noun 1. cubic metre - a metric unit of volume or capacity equal to 1000 liters cubic meter, kiloliter, kilolitre metric capacity unit - a capacity unit defined in metric terms of wood harvested on public land. The total amount for all regions and mills in both Ontario and Quebec could reach $300,000 in 1997. The Tembec Environmental Fund will be managed by regional five member committees, each made up of a Tembec representative, an employee representative, two regional municipal body representatives and one regional community leader. The regions established are: Abitibi, Temiscamingue, Mattawa, Alban, Huntsville, Gaspesie, Kapuskasing, Hearst and Timmins. The fund is to be used to improve the environment and wildlife habitats and to purchase or develop equipment that will enhance the environment, as well as enjoyment and appreciation by the community, with a view to increasing economic, social and cultural benefits for the region. Tembec is a major Canadian integrated forest products company principally involved in the production of specialty market pulp, lumber, oriented structural board, paperboard, newsprint newsprint low grade paper used for newspapers. Old newspapers are fed to cattle as an alternative roughage and may occasionally be ingested by dogs. Significant amounts of lead are accumulated in tissues; no cases of poisoning have been recorded in cattle, though it has been and chemicals and, through its interest in Malette Quebec Inc., machine finish coated paper Coated paper is paper which has been coated by an inorganic compound to impart certain qualities to the paper, including weight and surface gloss, smoothness or ink absorbency. Kaolinite is the compound most often used for coating papers used in commercial printing. . Tembec's principal manufacturing facilities are located in northwestern Quebec and northeastern Ontario Northeastern Ontario is the region within the Canadian province of Ontario which lies north and east of Lakes Superior and Huron. Northeastern Ontario consists of Algoma District, Sudbury District, Cochrane District, Timiskaming District, Nipissing District, Manitoulin . CONTACT: Tembec Inc., Temiscamingue Charles Gagnon, 819/627-4230 Robert St-Amour, 819/797-4782 |
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