OSB-Plant Shutdown Ends

The one week shutdown at Canfor’s local Peace Valley OSB plant is over.

The down time was part of a strategy to keep the plant afloat, by keeping productivity up and, it ended last night.

Now, an industry analyst is suggesting forestry workers in BC should feel a little more comfortable, as lumber prices have started to recover.

Russ Taylor is with International Wood Products and he says, by cutting production, the industry has helped push prices about 25 percent above the lows experienced earlier this year…

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Numbers recently reported by Credit Union Central show sawmill lumber production, from the start of 2008 to the end of May, has dropped by 24 percent in BC, as compared to the same period last year.