Canfor announces closure of Darlington and Estill sawmills.

Canfor Corporation (TSX: CFP) announced today its decision to permanently close the Estill and Darlington sawmills in South Carolina, effective August 2025. These closures follow an extended period of persistently weak market conditions and sustained financial losses, which have made continued operations at these facilities no longer viable.

“We understand the significant impact this difficult decision will have on our employees,” said Lee Goodloe, President, Canfor Southern Pine. “This outcome is in no way a reflection of the dedication and hard work of our teams. We are committed to supporting our employees through this transition, including providing severance payments and exploring opportunities for redeployment within our other operations where possible.”

Approximately 290 employees will be affected by the closures, which will also reduce Canfor’s U.S. lumber production capacity by 350 million board feet annually
https://cdn.sanity.io/files/9439mo3u/production/62570eda2a462da180c659f97190d7b8792ebc3a.pdf

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