Vancouver, British Columbia, Canada, 02 February 2009 – Canfor Corporation (TSX:CFP) announced today that due to the continued poor softwood lumber markets, it will be taking further curtailments at its British Columbia and Alberta sawmills for a two week period commencing 09 February 2009, which will remove approximately 83 million board feet of production. In addition, effective 23 February 2009, the company will remove the third shift at its Quesnel operation, resulting in a further reduction of Canfor’s lumber production of approximately 100 million board feet on an annualized basis.
The company also has reduced a shift at New South’s Camden sawmill located in South Carolina, USA, which will curtail New South’s annual southern yellow pine lumber production by approximately 75 million board feet.
Canfor is a leading integrated forest products company based in Vancouver, British Columbia, with interests in Alberta, British Columbia, and Quebec in Canada, and in North Carolina, South Carolina, and Washington in the United States. The company is the largest producer of softwood lumber in British Columbia. It also produces oriented strand board (OSB), 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 under the symbol CFP.