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
Get In Line
Following a pandemic-induced cancellation in 2020, the biennial Timber Processing & Energy Expo returns September 28-30 to the Portland Exposition Center in Portland, Ore. Hatton-Brown Expositions, an affiliate of Timber Processing magazine, has hosted the event since 2010…
TP&EE Includes Two Conferences
Timber Processing & Energy Expo, which will be held September 28-30 at the Portland Exposition Center in Portland, Ore., will include two conferences: Sawmill Productivity & Efficiency; and From Forest to Frame: Mass Timber Developments.
The seventh TP&EE will spotlight 150 machinery and technology exhibiting companies catering to the lumber and engineered wood products sectors. Held every other year, it was cancelled due to the pandemic in 2020…
Canfor To Build Greenfield Facility In Alabama
Canfor Corp. has announced it will invest approximately $210 million USD to build a new, state-of-the-art sawmill complex in Mobile, Ala. Using leading technology from The BID Group, the new sawmill will have an annual production capacity of 250MMBF on a two-shift basis and will provide a…
Wood Fiber Group Is Now Burton Mill Solutions
Burton Mill Solutions is the new name for the Wood Fiber Group and combines the biggest names in sawmill cutting tools and filing room automation technology, including Simonds International, Burton Saw & Supply, BGR Saws, Cut Technologies, U.S. Blades, Armstrong, and Wright Machines…
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.