Canfor temporarily curtailing Canadian production

VANCOUVER — Canfor Corporation is announced a temporary reduction in Canadian production due to very weak market conditions. The production will be reduced through curtailments at all solid wood facilities in B.C. and Alberta.

This will remove approximately 150 million board feet in December and January. The curtailments will start to be implemented on December 19 and will range from one to four weeks across its Canadian operations. The company will continue to adjust operating rates to align with market conditions and anticipates that the majority of its BC facilities will operate below full capacity in the New Year.

“Due to the significant decrease in demand for solid wood products and challenging economic conditions, we are temporarily curtailing production in Canada,” said Don Kayne, president and CEO, Canfor. “We will be working to mitigate the impacts on our employees by providing support and identifying meaningful work during the downtime.”