Canfor Corporation Announces Production Cuts at B.C. Sawmills Starting Week of August 30, 2021

Canfor Corporation announced on Tuesday (8-24-21) that it will be implementing operation reductions at its BC sawmills, with the exception WynnWood, commencing the week of August 30, 2021. As a result, Canfor’s BC mills are expected to operate at approximately 80% of production capacity and operating schedules may continue to vary as economic conditions warrant.

In a statement prepared for the announcement, Stephen Mackie, Executive Vice President, North America, Canfor, said, “Due to challenging market conditions, we are implementing reduced operating schedules at our BC 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. We will also leverage our global operating platform to minimize disruptions in supply to our customers.”

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.
Original Source:
Canfor Announces Reduced Operating Schedules at BC Sawmills