Canfor Pulp Products Inc. (CPPI) 0n May 3 reported its first quarter of 2023 results1: Overview Q1 2023 reported operating loss of $25 million; net loss of $19 million, or $0.29 per share Global pulp market fundamentals softened late in the quarter amid uncertainty associated with rising pulp producer inventory levels Improved pulp production despite […]
Tag Archives: Canfor Pulp
14
Jan
Jan
Following extensive analysis of its operating footprint and the long-term supply of economic residual fiber, Canfor Pulp Products Inc. is announcing the decision to permanently close the pulp line at its Prince George Pulp and Paper Mill, which will result in a reduction of 280,000 tonnes of market kraft pulp annually. The Specialty Paper facility […]
10
Jan
Jan
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 […]
20
Dec
Dec
Canfor Pulp Products Inc. announced the immediate curtailment of its Intercontinental Pulp Mill, which is expected to be in place for four weeks. The curtailment is due to the lack of available economic fibre as a result of sawmill curtailments. The downtime will remove approximately 24,000 tonnes of market kraft pulp. “The sawmill curtailments occurring in […]
20
Oct
Oct
Canfor Pulp Products announced a temporary curtailment of its Intercontinental Pulp Mill in Prince George, BC, Canada, due to the lack of available economic fiber. Following its annual turnaround maintenance that began on September 24, 2022 and lasted for two weeks, the facility has implemented a two-week curtailment. Regular operations are expected to resume on […]
31
May
May
Canfor Corporation is announcing the continuation of reduced operating schedules at its Western Canadian sawmills due to the ongoing global supply chain challenges. The Company has been operating at approximately 80% of production capacity since late March 2022. These capacity reductions are expected to result in an incremental impact of approximately 275 million board […]
04
Apr
Apr
The Canadian producer Canfor Pulp is announcing a minimum six-week extension of the curtailment of BCTMP production at Taylor Pulp in British Colombia due to the ongoing transportation shortages that have resulted in continued high finished product inventories at the pulp mill. “Unfortunately, the ongoing rail transportation situation has not improved, and we have no choice but […]
23
Feb
Feb
Canfor Pulp Products Inc. is announcing a minimum six-week curtailment of BCTMP production at Taylor Pulp in response to significant transportation shortages that have resulted in inventories at the pulp mill reaching capacity. “Taylor Pulp has been dealing with ongoing transportation challenges that have significantly impacted the facility’s ability to ship product,” said Don Kayne, […]
08
Dec
Dec
Canfor Pulp Products Inc. is announcing temporary NBSK and BCTMP production reductions at Northwood Pulp and Taylor Pulp in response to the significant transportation interruptions being experienced in British Columbia (BC). The Company’s pulp shipments have declined as a result of the recent weather-related transportation disruptions. With pulp mill inventories nearing capacity, the Company’s pulp […]
11
Mar
Mar
For the fourth quarter of 2018, the Company reported operating income of $15.6 million, a decrease of $44.9 million from $60.5 million reported for the third quarter of 2018. Results for the current quarter reflected repairs to one of the Company’s Northwood Pulp Mill (“Northwood”) recovery boilers, and operational disruptions resulting from a third-party natural […]