Interfor Announces Production Curtailments and Capital Expenditure Reductions

Interfor announced corporate initiatives to address the market conditions resulting from the COVID-19 outbreak. The company is planning to reduce capital expenditures by a total of $140 million in 2020 and 2021. Interfor also plans to temporarily curtail production by 35 million board feet per week, or 60% of its production capacity, across all of its operating regions for at least two weeks. The company plans to re-evaluate the curtailments regularly after the initial two week period.

FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.