Interfor curtails production for Q1 on lower demand
January 12, 2023 By CFI Staff
Interfor Corp. has announced it will reduce lumber production by at least 100 million board feet, or 8.0 per cent of capacity in the first quarter as economic conditions and market uncertainty continue to impact lumber demand.
This temporary reduction in output is likely to come from areas other than its U.S. South operations, Interfor said in a statement.
The Vancouver-based company currently expects to resume its normal operating schedule in April 2023, but will closely monitor market conditions and adjust its production plans accordingly.
Last year, Interfor reduced its lumber production output in the fourth quarter of 2022 by approximately 200 million board feet, or 17 per cent of quarterly capacity, citing weak demand.
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