Each issue of PaperMoney is approximately 500 fact filled pages.
Logout
Click here for Pulp & Paper Radio International
The Paperitalo Library
Free Downloads
Search
My Profile
Login
Management Side
Canfor Announces Production Curtailments
Print
Vancouver, British Columbia, Canada, 08 December 2006 -- Canfor Corporation (TSX: CFP) announced today that it will be taking curtailments at certain wood product operations during the latter part of December as part of its holiday downtime. The impact on production as a result of this curtailment represents approximately 47 million board feet of lumber, 6 million square feet of plywood, and 19 million square feet of oriented strand board (OSB).

In addition to these curtailments, Canfor announced that it would be partially curtailing production at its Tackama plywood operation in Fort Nelson, British Columbia, indefinitely, due to the unfavorable market realities of the high Canadian dollar and depressed plywood prices.

Effective 02 January 2007, Tackama plywood production will move from its current 7-day operating format to a 5-day operating format. It is anticipated that the move will reduce the annual operating capacity by approximately 45 million square feet.

The curtailment will also result in the loss of approximately 80 positions. Canfor has begun the process to work with the union and employee group to minimize the impact on employees.

Canfor is a leading integrated forest products company based in Vancouver, British Columbia, with interests in over 33 facilities in British Columbia, Alberta, and Quebec in Canada, and in Washington, NorthCarolina, and South Carolina in the United States. The company is the largest producer of softwood lumber in Canada. It also produces OSB, plywood, remanufactured lumber products, and specialized wood products. Canfor also owns a 50.1% interest in Canfor Pulp Limited Partnership, which is one of the largest producers of northern softwood kraft pulp in Canada and a leading producer of high performance kraft paper. Canfor shares are traded on the Toronto Stock Exchange (TSX: CFP).
 

Related Articles:


Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: