Monika, this may also interest your pulp team.

Dave

 -----Original Message-----
From: 	Kanji, Ayesha  
Sent:	Friday, November 02, 2001 1:11 PM
To:	Allan, David; Bhatia, Om; Blick, Marty; Bosek, Laura; Boudreaux, Jay; Carter, Karen E.; Causholli, Monika; Charbonneau, Chris; Comeaux, Clinton; Crane, Bob; Croom, Chris; Daetz, Milagros; Dawson, Wendy; Determeyer, Peggy; DL-Lon EIM Forest Products - Europe; Epstein, Jay; Gerard, Camille; Harris, Charles; Hiddleston, Craig; Ho, David; Hollingsworth, Mark; Holzer, Eric; Hutchinson, Elizabeth; Kiehne, Sean; Krohn, Todd; Loh, David; Marye, David; Milliner, Christine; Ovanessian, John; Perez, Eugenio; Rascon, Sergio; Rhodes, Eric; Rogers, Ted; Saltiel, Robert; Singh, Vikram; Tabbachino, Dick; Thakkar, Ami; Then, Leslie; Thomason, Michelle; Wales, Stacey
Subject:	newsprint mill conversion

Hello Team,

Tembec Inc. may back a controversial $450-million project to convert the mothballed Chandler newsprint mill in Quebec to make high-quality magazine paper.  The Chandler mill was shut in 1999 by the former owner, Abitibi, due to high costs.   The Quebec government and the union-backed Quebec Solidarity Fund now effectively own Chandler and are negotiating with Tembec to tie up the conversion project by year-end.       A comfort to newsprint producers as potential newsprint capacity is diverted else where at a time when the market is sitting in a supply glut.

Ayesha