International Paper to Explore Building a New State-of-the-Art Sustainable Packaging Facility in Salt Lake City, Utah

Canada is home to among the most-sustainably managed forests in the world, global leading forestry innovation and product development, and a workforce that is 230,000 strong and committed to driving a green recovery that will lift rural and northern Canada up. Today, our industry has 140 capital investment projects across the country that are ready-to-go – worth over $1.5 billion. These projects can safeguard and grow Canadian jobs, improve our ability to win on the global stage, and fast-track our move to a net-zero carbon economy by 2050. We look forward to working with the federal government to build a recovery that lasts and one that can chart a new and exciting path for our workforce and forestry communities across the country.”

Paper Excellence announced the indefinite curtailment of its paper operations at the Catalyst Crofton facility starting in early December 2022. Paper markets in China served by the mill have significantly weakened while there have been substantial cost escalations for chemicals, energy and wood fibre used at Crofton. The intersection of these pressures has materially impacted the financial viability of the paper operation. We expect to operate Crofton’s paper machines for 60 days following this announcement. We will be working closely with both unions as this decision affects about 80 Unifor employees and 70 PPWC employees. We recognize the hardship this will have on both our employees and the Cowichan Valley. We hope to minimize these impacts through union discussions that will consider secondments, utilization of earned time off and employment insurance. The mill’s pulp operations will continue production during the paper curtailment. Paper Excellence is working with both Provincial and Federal Governments while it conducts studies at the Crofton facility to consider accelerating its conversion into natural food and packaging grades.

After thorough analysis of the persistent shortage of economically available timber and challenging operating conditions in northern British Columbia, Canfor Corporation announced the permanent closure of its Polar sawmill in Bear Lake, BC and the suspension of its planned reinvestment in Houston, BC. This follows the announcement by our subsidiary company, Canfor Pulp, that one line of production will be indefinitely curtailed at the Northwood Pulp Mill. The Polar sawmill, with a production capacity of about 300 million board feet annually, has been curtailed since January 2024. The permanent closure will impact approximately 180 employees.