Canfor to Cut Output Capacity at B.C. Sawmills

The proposed decision will come into force in the week beginning 30th August, 2021.

SEATTLE (Scrap Monster): Canfor Corporation announced its decision to implement reduced operating schedules at all of its sawmills in the B.C. region, except the WynnWood sawmill. The proposed decision will come into force in the week beginning 30^th August, 2021.

ALSO READ: Canfor Corp. Lumber Segment Earnings Hit Fresh All-Time High

According to company press release, the mills in the region are likely to operate at nearly 80% production capacity during this period. Also, the operating schedules may be further adjusted, in response to prevailing economic conditions. The cut in operating schedule will be extended until the time when there is a meaningful improvement in both demand as well as pricing.

Stephen Mackie, Executive Vice President, North America, Canfor noted that the decision to implement reduced operating schedules is mainly on account of existing challenging market conditions. The company is making all efforts to mitigate the impact of volatile lumber markets on its employees, contractors and the communities in which it operates. Canfor plans to leverage its global operating platform to minimize the supply disruptions to customers due to this decision, he added.

Earlier, the company had announced curtailment of production capacity at its Canadian sawmills during the third quarter of 2021.

• Innovative Aerogel Material Offers Breakthrough in Gold Recovery from E-Waste
• Redivivus and Re-New-Able Partner to Establish Illinois’ First Lithium-Ion Battery Recycling Facility
• Waste Pro Wins Over $900 Million in New Contracts and Finalizes 15 Acquisitions for a Record Year in 2024
• The Shyft Group Announces Interim CFO Appointment