Montreal, QC, February 22nd – EACOM Timber Corporation welcomes news by Canadian Natural Resources Minister Jim Carr of the creation of the Federal-Provincial Task Force on Softwood Lumber, which will coordinate current programs and assess domestic initiatives as Canada continues to negotiate with the United States.
‘‘We thank the Canadian Government for its efforts to reconcile the needs across the country and are grateful to the Ontario and Quebec Governments for their advocacy to safeguard their provincial softwood lumber industries’’ said Kevin Edgson, EACOM CEO.
For EACOM, which operates 7 sawmills in Ontario and Quebec, access to the American market is critical to maintain and grow our business. Given the importance of Canadian softwood lumber imports to the US economy, the Company was disappointed that the US Lumber Coalition filed a petition with the Department of Commerce to institute duties to be imposed on Canadian softwood lumber shipments to the United States.
‘‘Collaboration between federal and provincial governments, along with industry, will be paramount as we position ourselves to defend Canada’s interests. Canada-US trade is of vital importance for both countries. Arriving at an appropriate resolution is possible when you have two partners willing and ready to work through the issues’’ added Edgson.
In the face of uncertainty, EACOM has been committed to strengthening its balance sheet and maintaining strong assets to position us for future stability and growth. Many of our mills have a long, rich history, having been part of their communities for over 100 years. Since 2012, EACOM has invested over $63 million in its Ontario and Quebec facilities, allowing increases to production and employment levels. Investments such as these demonstrate our commitment to enhancing Canada’s softwood lumber industry and associated communities to the health and prosperity that should be theirs.
EACOM Timber Corporation is a major Eastern Canadian wood products company formed in 2008. Operations include the manufacturing, marketing, and distribution of lumber and wood-based value-added products, and the management of forest resources. EACOM currently owns seven sawmills (five in Ontario, two in Quebec), a remanufacturing facility (Quebec), and a partnership operation in an engineered I-joist plant (Ontario) for over 1000 employees. The Company is committed to investing in strong assets, including healthy forests, advanced technology, and talented people. For more information visit our website at www.eacom.ca and follow us on Twitter @EACOMCorp.
Christine Leduc, Director, Public Affairs
EACOM Timber Corporation
T: 514-848-6815 C: 514-237-3335