Canfor Corporation is announcing an extension of sawmill curtailments in British Columbia (B.C.) due to ongoing weak market conditions and the lack of available economic fiber. The production capacity will be reduced through two-week curtailment extensions in January at select solid wood facilities in B.C. This will remove approximately 21 million board feet in addition to the 150 million board feet previously announced on December 5, 2022.
The Company will continue to adjust operating rates to align with market conditions and the available supply of economically viable timber.
Canfor is a leading integrated forest products company based in Vancouver, British Columbia (“BC”) with interests in BC, Alberta, North and South Carolina, Alabama, Georgia, Mississippi, Arkansas, and Louisiana, as well as in Sweden with 70% interest in Vida Group. Canfor produces primarily softwood lumber and also owns a 54.8% interest in Canfor Pulp Products Inc., which is one of the largest global producers of market Northern Bleached Softwood Kraft Pulp and a leading producer of high-performance kraft paper.
source: Lesprom Network