Canfor Says Temporarily Curtailing Canadian Production Capacity

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Dec 5 (Reuters) - Canfor Corp:

* CANFOR TEMPORARILY CURTAILING CANADIAN PRODUCTION CAPACITY

* ANNOUNCING A TEMPORARY REDUCTION IN CANADIAN PRODUCTION DUE TO VERY WEAK MARKET CONDITIONS

* PRODUCTION WILL BE REDUCED THROUGH CURTAILMENTS AT ALL SOLID WOOD FACILITIES IN B.C. AND ALBERTA

* THIS WILL REMOVE APPROXIMATELY 150 MILLION BOARD FEET IN DECEMBER AND JANUARY

* CURTAILMENTS WILL START TO BE IMPLEMENTED ON DECEMBER 19, 2022 AND WILL RANGE FROM ONE TO FOUR WEEKS ACROSS ITS CANADIAN OPERATIONS

* CANFOR- WILL CONTINUE TO ADJUST OPERATING RATES;ANTICIPATES MAJORITY OF BC FACILITIES WILL OPERATE BELOW FULL CAPACITY IN NEW YEAR Source text for Eikon: Further company coverage:



 


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