Canfor reduces operating schedules at BC mills due to ‘challenging market conditions’
Today Canfor Corporation announced that it will implement reduced operating schedules at its B.C. sawmills, with the exception of WynnWood, starting the week of Aug. 30. As a result, Canfor’s B.C. mills are expected to operate at approximately 80 per cent of production capacity and operating schedules may continue to vary as economic conditions warrant.
“Due to challengin gmarket conditions, we are implementing reduced operating schedules at our B.C. sawmills that will remain in place until demand and pricing meaningfully improve. We recognize the impact that volatile lumber markets have on our employees, contractors and communities and we will make efforts to mitigate the negative effects,” said Stephen Mackie, executive vice-president, North America, Canfor. “We will also leverage our global operating platform to minimize disruptions in supply to our customers.”