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Canfor closes two B.C.
sawmills, curtails U.S. production |
VANCOUVER, B.C. ¡ª Due to weak demand, high tariffs, a fiber shortage, and a variety of factors, Canfor Corp. on Sept. 4 has cut production on both sides of the U.S.-Canadian border. Following a thorough review of its Canadian operating conditions, including the persistent challenge of accessing economic fiber, ongoing financial losses, weak lumber markets, and increased U.S. tariffs, Canfor announced on Sept. 4 the closure of its Plateau and Fort St. John operations located in northern British Columbia. They say the closures will impact around 500 employees and will remove 670 million board feet of annual production. Canfor's Southern U.S. operations will see reduced production. Facing persistent weak lumber markets, Canfor said it will indefinitely curtail one shift at its Darlington, South Carolina, plant, and reduce operating hours at its Estill, South Carolina, and Moultrie, Georgia, locations. The company will also implement curtailments across other southern US operations to better align with market demand. These changes will reduce lumber production by approximately 215 million board feet on an annualized basis. Don Kayne, president and CEO said, "Our company has proudly operated in BC for more than 85 years, supporting jobs and economic activity in communities around this province. During that time, we have always been prepared to manage through challenging times and fluctuations, recognizing the cyclical nature of our business. The Company will continue to evaluate conditions on an ongoing basis and adjust operating rates to align with market demand. ¡¡ |