Containerboard capacity continued to increase, rising 1.9 percent in 2017 to a record 38.9 million tons. Containerboard accounted for 46.2 percent of U.S. paper and paperboard capacity in 2017. Tissue paper capacity is on a long-term expansionary trajectory, approximately in line with U.S. population growth, and rose 0.2 percent in 2017. Four tissue paper machines started production in 2017. Those capacity additions were partly offset by two mill closures that same year. Reflecting displacement from digital media, capacity for newsprint and printing-writing papers continued to decline in 2017. Three mills and six machines producing these grades were permanently closed that year. Click Read More below for additional information.
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.