Just two years into EACOM's history, we have achieved a major milestone with the acquisition of Domtar Forest Products Division. We all look forward to a promising future as we pursue our goal of becoming a globally competitive company.
EACOM Timber Corporation, with approximately 1,000 dedicated employees, eight sawmills, one second transformation plant and two partnerships is one of the largest producers in the Eastern Canadian timber industry.
EACOM aims to provide its customers with excellent quality and consistent production and supply of wood products. To meet the challenges of the current lumber market, we will work to reduce costs at our operations in order to ensure the company becomes more efficient on a global scale. EACOM will operate its assets sustainably, using certified forest management practices, in order to ensure the long-term health of the industry and provide steady employment for our valued employees.
EACOM's global vision is to continue to service our key markets in Eastern Canada and the United States, and expand into the United Kingdom, Northern Europe and other global markets. The Governments of Quebec and Ontario, have been very supportive of the Eastern Canadian forest industry and we look forward to building on many of their positive policies to help create more sustainable and stable employment and to help grow the industry.
EACOM has the capacity to harvest approximately 3.5 million cubic meters of timber annually in Ontario and Quebec and the capacity to produce approximately 900 million board feet of lumber annually. Our operations in Quebec and Ontario are well positioned geographically to ship lumber to our global customer base. With our excellent management team, dedicated employees and strong asset base, EACOM is ready to meet the challenges of the current market and to thrive as the forest products industry grows.
Yours Sincerely,
Rick Doman
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EACOM Timber Corporation announces its fourth quarter and year end results
EACOM Timber Corporation announces its fourth quarter and year end results for the three and twelve-month periods ended December 31, 2011.
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EACOM Timber Corporation Announces Closing of $40 million Secured Debenture Financing
EACOM today announced that it has successfully closed its previously announced $40 million secured debenture financing.
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EACOM Timber Corporation Announces $40 million Secured Debenture Financing
EACOM Timber Corporation today announced that it has entered into a binding agreement for a $40 million secured debenture financing backed by Fairfax Financial Holdings Limited and Lansdowne UK Strategic Investment Master Fund Limited.
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