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
Western Forest Products B.C. Sawmill Restarts Following Recent Shooting
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Western Forest Products sawmill workers in Nanaimo will return to the job site in a “soft start” following the shooting deaths of two workers. Michael Lunn, 62, and Fred McEachern, 53,…
Washington Lumber Companies Merge To Form Alta Forest Products
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); TMI Forest Products and Welco Lumber Company USA have become Alta Forest Products LLC, a partnership between longtime Western Red Cedar manufacturers. Morton-based Alta took over the ownership, operations and assets…
Mills To Arizona And New Mexico Senators: Give Us More Timber
On the edge of what promises to be another hot, drought-fueled wildfire season, timber companies working under the U.S. Forest Service’s expiring 10-year White Mountain Stewardship Project are running short of wood. Eastern Arizona loggers…
Eacom Sawmill Rebuild In Ontario Near Completion
The reconstruction of the Eacom sawmill in Timmins is just a couple of months from being completed. It will be take longer, however, before mill operators can settle back and declare the job done. “We…
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.