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Management Side
Tolko to Extend Downtime of Two Panel Operations
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Vernon, British Columbia, Canada, 18 February 2008 -- Today Tolko Industries announced that it will extend the previously-announced two-week curtailment at the Armstrong and White Valley plywood and veneer plants in response to poor markets.

Both operations, located near Vernon, British Columbia, were due to resume operations on 25 February, following scheduled equipment maintenance. However, the plants will now remain down until market fundamentals improve. This extended curtailment will affect approximately 300 employees.

Jim Baskerville, regional manager, said that very poor plywood demand has caused a continuing decline in prices. Market conditions will be reviewed weekly to determine when operations can restart.

“With warmer weather approaching and the related seasonal increase in Canadian building starts, we’re hopeful that market conditions will soon return to levels that will support these operations," said Baskerville. “Tolko regrets the impact that this extended downtime will have on its valued employees and customers.”

The sawmill operations at Tolko’s Armstrong Division are not affected by this action. Tolko Industries Ltd. is a private, Canadian-owned forest products company based in Vernon, British Columbia.



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