Kenora Forest Products, located in Kenora Ontario is for sale. The Ontario sawmill has been shut down since September, affecting about 115 workers. The sawmill sale is the result of their parent company, Prendiville Industries of Winnipeg, filing for bankruptcy earlier in December. Prendiville cited a weak market for lumber and a 20% duty deposit on softwood exports to the U.S. as the reason for their bankruptcy and the sale of the sawmill.
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.