Canfor temporarily reducing Canadian production due to weak market conditions

The Vancouver-based company says there will be curtailments at all of its solid wood facilities in B.C. and Alberta.Start your day with a roundup of B.C.-focused news and opinion delivered straight to your inbox at 7 a.m., Monday to Friday.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc.

Canfor chief executive Don Kayne says the company will work to mitigate the affects on employees by providing support and identifying meaningful work during the downtime. The curtailments will begin to be implemented on Dec. 19 and range from one to four weeks across its Canadian operations. Canfor says it will continue to adjust operating rates to align with market conditions and anticipates that the majority of its B.C. facilities will operate below full capacity in the new year.Our in-depth journalism is possible thanks to the support of our subscribers. For just $3.50 per week, you can get unlimited, ad-lite access to The Vancouver Sun, The Province, National Post and 13 other Canadian news sites.

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Canfor temporarily reducing its Canadian production due to weak market conditionsCanfor says the move will reduce production by about 150 million board feet in December and January FinEconGlobal Canfor's bank accounts probably can't hold any more money anyway! Three years of price gouging will do that. Thanks trudeau. Keep up the shitty work.
Fonte: globeandmail - 🏆 5. / 92 Consulte Mais informação »