Canfor Significantly Curtailing Production Capacity in BC

Canfor Corporation (TSX:CFP) announced today it will be curtailing operations at all British Columbia sawmills, except WynnWood. The majority of mills will be curtailed for two weeks or the equivalent, with extended curtailments of four weeks at Houston and Plateau, and six weeks at Mackenzie. The curtailments are scheduled to run from June 17 through July 26.

The curtailments are due to very poor lumber markets and the high cost of fibre, which are making the operating conditions in BC uneconomic.

The curtailments will reduce Canfor’s production output by approximately 200 million board feet.
https://www.canfor.com/docs/default-source/news-2019/nr20190610_canfor-june-2019-bc-curtailments.pdf?sfvrsn=6a89ee91_2

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