Canfor curtailing production at Radium and Elko
Two East Kootenay sawmills will go quiet again for a few weeks starting next week.
Canfor Corporation (TSX:CFP) announced June 10 it will be curtailing operations at all British Columbia sawmills, including Radium Hot Springs and Elko.
The WynnWood mill near Creston is remaining open.
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 B.C. uneconomic, Canfor stated in a media release.
“The curtailments will reduce Canfor’s production output by approximately 200 million board feet,” the company said.
Following the previously announced closure of Vavenby in July, Canfor will have 12 sawmills in Canada, with total annual capacity of approximately 3.55 billion board feet.