EACOM Timber Corporation Approves USNR To Rebuild Timmins Mill
EACOM Timber Corporation is pleased to announce that the Board has approved entering into an agreement with USNRKockums Cancar Inc. to rebuild the Timmins Mill. The total cost of the project is estimated at $25 million, a substantial portion of which is being funded from proceeds of insurance related to a fire.a
As reported in January of this year, the mill located in Timmins Ontario was destroyed by fire. To date the Company has received $23,700,000 of insurance proceeds, $13,700,000 related to business interruption and $10,000,000 for damage or destruction of assets.
Eacom has also completed its capital project on the sawline at the Elk Lake facility. The mill has been restarted and expected to operate at full production in January 2013.
“We are continuing our capital expenditure program designed to increase productivity and capacity at our mills to reduce manufacturing costs. The rebuild of Timmins has also been designed to provide for improved productivity. Lumber markets have improved and continue to contribute to the overall performance of the Company” commented Rick Doman, President and CEO of the Company.
From EACOM Timber Corporation: eacom.ca.
Latest News
Oregon Road Closures Hit Log Truck Routes
Oregon forest products operators are facing more challenges thanks to the indefinite closure of key state highway transportation routes that connect the high Cascades and central Oregon with key log markets in the Willamette…
Louisiana Mills Endure Hurricane Laura
The first major hurricane of the 2020 Atlantic hurricane season, Hurricane Laura, made landfall at peak intensity in Cameron, La. on August 27. The storm was the 10th-strongest U.S. hurricane to make landfall by…
Vecoplan VPC Pre-Crusher
Bulky wood waste such as crates, pallets and cable reels can now be efficiently pre-processed with Vecoplan’s VPC Pre-Crusher machine. The VPC is designed to be paired with any Vecoplan shredder to increase output by 50–200%. Outfitted with…
U.S. Says WTO Ruling Misfires
U.S. Trade Representative Robert Lighthizer says a World Trade Organization (WTO) panel report applies an “erroneous Appellate Body interpretation” and would shield Canada’s massive lumber subsidies from U.S. action imposing…
Find Us On Social
Newsletter
The monthly Timber Processing Industry Newsletter reaches over 4,000 mill owners and supervisors.
Subscribe/Renew
Timber Processing is delivered 10 times per year to subscribers who represent sawmill ownership, management and supervisory personnel and corporate executives. Subscriptions are FREE to qualified individuals.
Advertise
Complete the online form so we can direct you to the appropriate Sales Representative.