Mosaic continues logging curtailment amid ‘poor market conditions’
March 12, 2020 By Maria Church
Persistently poor market conditions have prompted B.C. coastal contractor Mosaic Forest Management to continue its months-long shutdown of harvesting operations on Vancouver Island and coastal B.C.
The company began a logging curtailment on Nov. 25, stating that operations would resume when the market outlook improved.
“Poor market conditions have persisted longer than anticipated and have been exacerbated by the impact of the coronavirus on global supply chains,” Mosaic president and CEO Jeff Zweig said in news release Tuesday. “We regret the impact this situation is having on our contractors, B.C. coastal communities and customers. Our priority remains getting everyone back to work as soon as market conditions allow.”
While logging will remain shutdown, a small hauling operation is planned to recover remaining timber decked in the forest that was harvested before the curtailment, the company said. Those logs will be transported to Mosaic’s coastal storage facilities.
Print this page