Canfor reducing operating schedules at B.C. sawmills
Canfor Corporation (TSX:CFP) August 24 announced that it will implement reduced operating schedules at its B.C. sawmills, with the exception of WynnWood, starting the week of August 30.
As a result, Canfor’s B.C. mills are expected to operate at approximately 80% of production capacity and operating schedules may continue to vary as economic conditions warrant, the company outlined in a media release.
“Due to challenging market conditions, we are implementing reduced operating schedules at our B.C. sawmills that will remain in place until demand and pricing meaningfully improve. We recognize the impact that volatile lumber markets have on our employees, contractors and communities and we will make efforts to mitigate the negative effects,” said Stephen Mackie, Executive Vice President, North America, Canfor.
“We will also leverage our global operating platform to minimize disruptions in supply to our customers.”
Canfor operates sawmills in Radium Hot Springs and Elko.
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