Canfor temporarily curtailing production capacity in BC, Canada
Canfor Corporation (TSX:CFP) announced today it will be temporarily curtailing operations at three British Columbia mills due to log supply constraints, log costs and current market conditions. Canfor’s sawmill in Vavenby will be curtailed for six weeks from February 11 to March 22, 2019. In addition, Canfor’s sawmills in Houston and Mackenzie will be curtailed for one week each in Q1. In combination, these curtailments will reduce Canfor’s production output by approximately 40 million board feet.
This is in addition to the approximately 150 million board feet of production capacity that was curtailed by Canfor in Q4 2018 and early Q1 2019, as previously announced. Canfor has 13 sawmills in Canada, with total annual capacity of approximately 3.8 billion board feet.