Business
Canfor Announces Closure of Darlington and Estill Sawmills
Canfor Announces Closure of Darlington and Estill Sawmills Canada NewsWire ...
About this update from Canfor Corporation
[{"type":"text","content":"\n\n\n\n Canfor Announces Closure of Darlington and Estill Sawmills\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n June 26, 2025\n \n\n /CNW/ - Canfor Corporation (TSX: CFP) announced today its decision to permanently close the\n \n Estill\n \n and\n \n Darlington\n \n sawmills in\n \n South Carolina\n \n , effective\n \n August 2025\n \n . These closures follow an extended period of persistently weak market conditions and sustained financial losses, which have made continued operations at these facilities no longer viable.\n \n\n\n\n\n\n\n\n\n \"We understand the significant impact this difficult decision will have on our employees,\" said\n \n Lee Goodloe\n \n , President, Canfor Southern Pine. \"This outcome is in no way a reflection of the dedication and hard work of our teams. We are committed to supporting our employees through this transition, including providing severance payments and exploring opportunities for redeployment within our other operations where possible.\"\n \n\n Approximately 290 employees will be affected by the closures, which will also reduce Canfor's U.S. lumber production capacity by 350 million board feet annually.\n \n\n\n Forward-looking statements.\n \n\n 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...