Canfor Announces Restructuring to Position Alabama Operations for the Future

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[{"type":"text","content":"\n \n \n \n Canfor Announces Restructuring to Position Alabama Operations for the Future\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 April 10, 2024\n \n \n /CNW/ - Canfor Corporation (TSX: CFP) announced today that it will optimize its footprint in southern\n \n Alabama\n \n by permanently closing its Jackson facility and expanding production at its\n \n Fulton\n \n facility with a second shift. These steps, together with the previously announced construction of a new, state-of-the art greenfield sawmill in\n \n Axis\n \n , will grow the Company's regional manufacturing platform by 100 million board feet of production capacity and consolidate operations at modern facilities that are well positioned to be competitive for the long-term.\n \n \n \n \n \n \n \n \n \n \"Canfor is working to optimize our operational footprint in southern\n \n Alabama\n \n to ensure we have well-capitalized and highly efficient manufacturing facilities,\" said\n \n Lee Goodloe\n \n , President, Canfor Southern Pine. \"To this end, we are making the difficult decision to close the aging Jackson mill at the end of June, while expanding production at our nearby\n \n Fulton\n \n facility. We recognize this decision impacts our Jackson employees and community. However, we expect the majority of our employees will have an opportunity at either our expanded operation in\n \n Fulton\n \n , which will add a second shift, or in\n \n Axis\n \n once the new facility opens later this year.\"\n \n \n \"Canfor's recent investments in southern\n \n Alabama\n \n demonstrate our commitment to Clark County and build upon a proud history of operations in the region,\" added Goodloe. \"We appreciate our employees, and our strong relationships with suppliers, contractors, partners, and customers. Consolidating our operations in southern\n \n Alabama\n \n in modernized facilities – with leading technologies and innovation – will enable Canfor to better serve our local and global customers while providing more sustainable...

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