VANCOUVER, BC, Jan. 3, 2023
/CNW/ - Canfor Corporation (TSX: CFP) is announcing an extension of
sawmill curtailments in British
Columbia (B.C.) due to ongoing weak market conditions and
the lack of available economic fibre. The production capacity will
be reduced through two-week curtailment extensions in January at
select solid wood facilities in B.C. This will remove approximately
21 million board feet in addition to the 150 million board feet
previously announced on December 5,
2022.
The Company will continue to adjust operating rates to align
with market conditions and the available supply of economically
viable timber.
Forward Looking Statements
Certain statements in this press release constitute
"forward-looking statements" which involve known and unknown risks,
uncertainties and other factors that may cause actual results to be
materially different from any future results, performance or
achievements expressed or implied by such statements. Words such as
"expects", "anticipates", "projects", "intends", "plans", "will",
"believes", "seeks", "estimates", "should", "may", "could", and
variations of such words and similar expressions are intended to
identify such forward-looking statements. These statements are
based on management's current expectations and beliefs and actual
events or results may differ materially. There are many factors
that could cause such actual events or results expressed or implied
by such forward-looking statements to differ materially from any
future results expressed or implied by such statements.
Forward-looking statements are based on current expectations and
Canfor assumes no obligation to update such information to reflect
later events or developments, except as required by law.
About Canfor Corporation
Canfor is a leading integrated forest products company based in
Vancouver, British Columbia ("BC")
with interests in BC, Alberta,
North and South Carolina,
Alabama, Georgia, Mississippi, Arkansas and Louisiana, as well as in Sweden with 70% interest in Vida Group. Canfor
produces primarily softwood lumber and also owns a 54.8% interest
in Canfor Pulp Products Inc., which is one of the largest global
producers of market Northern Bleached Softwood Kraft Pulp and a
leading producer of high performance kraft paper. Canfor shares are
traded on The Toronto Stock Exchange under the symbol CFP. For more
information visit canfor.com.
SOURCE Canfor Corporation