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Canfor temporarily reducing its Canadian production due to weak market conditions

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Canfor says the move will reduce production by about 150 million board feet in December and January

is temporarily reducing its Canadian production due to what it says are very weak market conditions.

The Vancouver-based company says there will be curtailments at all of its solid wood facilities in B.C. and Alberta.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.Your Globe

 

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Thanks trudeau. Keep up the shitty work.

Canfor's bank accounts probably can't hold any more money anyway! Three years of price gouging will do that.

FinEconGlobal

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