Canfor curtails Canadian lumber production, cites ‘very weak market’
December 6, 2022 By CFI staff
Canfor is reducing production at all its solid wood facilities in B.C. and Alberta beginning Dec. 19 due to “very weak market condition,” the company said.
The curtailment will remove around 150 million board feet in December and January, with reductions ranging from one to four weeks.
The company said it anticipates similar market conditions in the new year, which will mean most B.C. facilities operating below full capacity.
Canfor president and CEO Don Kayne said in a news release the temporary curtailment is due to the significant decrease in demand for solid wood products, and challenging economic conditions.
“We will be working to mitigate the impacts on our employees by providing support and identifying meaningful work during the downtime,” Kayne said.
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