VANCOUVER, B.C. – Canfor announced plans to reduce its operating schedules at British Columbia sawmills due to challenging market conditions.
The slowdowns will start the week of August 30th, and mills will operate at around 80 per cent of production capacity. These operating schedules will stay in place until the market improves.
According to a release, the WynnWood mill will continue normal operations during the slowdown.
Stephen Mackie, Executive Vice President of Canfor North America says demand and price need to improve.
“Due to challenging market conditions, we are implementing reduced operating schedules at our B.C. sawmills that will remain in place until demand and pricing meaningfully improve,” said Mackie. “We recognize the impact that volatile lumber markets have on our employees, contractors and communities, and we will make efforts to mitigate the negative effects. We will also leverage our global operating platform to minimize disruptions in supply to our customers.”
Canfor is a leading integrated forest products company based in Vancouver. The company produces mainly softwood lumber, and it owns 54.8 per cent of Canfor Pulp Products Inc., one of the largest global producers of Northern Bleached Softwood Kraft Pulp.
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