143366
146202


Canfor cuts production

Canfor Corp. has announced another temporary cutback in production due to low lumber prices and the high cost of wood supplies.

The company says that starting April 29 it will reduce production output by approximately 100 million board feet spread across its B.C. mills.

In January, Canfor announced temporary cutbacks at three sawmills because of similar concerns, cutting out about 40 million board feet.

The company announced further curtailments last fall as lumber prices declined while wood fibre costs rose.

The B.C. forestry industry has struggled with a loss of supply because of forest fires and insect infestations, while U.S. lumber prices have fallen back from record highs reached last summer.

Canfor has 13 sawmills in Canada, with total annual capacity of approximately 3.8 billion board feet.



More Business News

138937
137176
Data from CryptoCompare
Recent Trending
138662
Soft 103.9
Castanet Proud Member of RTNDA Canada
136607
Press Room
146090
145963