Canfor Announces Downtime
Vancouver, British Columbia, Canada, 14 March 2007 -– Canfor Corporation (TSX:CFP) announced today that it will be taking downtime at five of its sawmill operations in British Columbia. The curtailments are to address the continued poor market conditions. These curtailments represent approximately 70 million board feet of lumber production.
Curtailments will commence at Canfor's Vavenby mill from 19 to 25 March. Canfor's Mackenzie mill will take an additional two weeks of downtime beginning 26 March and will continue in its four-day operating format upon start up.
Canfor's Chetwynd, Plateau, and Rustad sawmills will take curtailments commencing 19 March for one week, 26 March for two weeks, and 02 April for two weeks, respectively. However, planer operations will continue throughout the downtime.
Canfor is a leading integrated forest products company based in Vancouver, British Columbia, with interests in 33 facilities in British Columbia, Alberta, and Quebec in Canada, and in Washington, North Carolina, and South Carolina in the United States. The company is the largest producer of softwood lumber in Canada. It also produces oriented strand board (OSB), plywood, remanufactured lumber products, and specialized wood products. Canfor also owns a 50.2% 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).