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Canfor curtailing Canadian production capacity
Canfor Corporation has announced a temporary reduction in Canadian production due to weak market conditions.
The production will be reduced through curtailments at all solid wood facilities in B.C. and Alberta. Canfor operates mills in Radium Hot Springs and Elko and has an office in Cranbrook.
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, Canfor announced Dec. 5.
The company will continue to adjust operating rates to align with market conditions and anticipates that the majority of its B.C. 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. We will be working to mitigate the impacts on our employees by providing support and identifying meaningful work during the downtime,” said Canfor President and CEO Don Kayne.
Lead image: Canfor’s mill at Radium Hot Springs. e-KNOW file photo
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