Industry News
Markets
Mills
Sawmilling
Canfor curtailing Sweden operations, points to falling market demand
September 1, 2022 By CFI staff
Photo: Annex Business Media. Canfor Corporation will be cutting hours at its Swedish forest products facilities beginning Sept. 12, 2022.
The company says a decrease in market demand is spurring the change to their operating schedules, which will see a 15 per cent decrease in production capacity through the fourth quarter.
“Rising inflation and mortgage rates in Europe, which are expected to persist into the fall, is impacting demand for lumber and as a result we are reducing production capacity. We are committed to continuing to meet the needs of our customers,” Canfor president and CEO Don Kayne said.
The company says it will continue to assess the market and adjust operating schedules accordingly.
Canfor has a 70 per cent interest in Sweden’s Vida Group.
Print this page
