Canfor Corporation said Monday it will be invoking a temporary reduction in production at all solid wood facilities in B.C. and Alberta, due to very weak market conditions.
The curtailments will start to be implemented on December 19 will range from one to four weeks and remove approximately 150 million board feet in December and January.
The company will continue to adjust operating rates to align with market conditions and anticipates that the majority of its BC facilities will operate below full capacity in the New Year.
“We will be working to mitigate the impacts on our employees by providing support and identifying meaningful work during the downtime,” Canfor CEO Don Kayne said.
