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Canfor Curtailing an Additional 75 Million Board Feet of Production Capacity in BC
Canfor Curtailing an Additional 75 Million Board Feet of Production Capacity in BC ...
About this update from Canfor Corporation
[{"type":"text","content":"\n\n\n\nCanfor Curtailing an Additional 75 Million Board Feet of Production Capacity in BC\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\nCanada NewsWire\nVANCOUVER, Aug. 27, 2019\n\n\n\nVANCOUVER, Aug. 27, 2019 /CNW/ - Canfor Corporation (TSX: CFP) announced today additional operating curtailments which will reduce production capacity by 75 million board feet between September 3rd and the end of the year. Its Houston, Polar, Prince George and Fort St. John sawmills will be curtailed the week of September 3rd. In addition, Canfor's Plateau and Houston mills will transition to a four-day work week in September, which will remain in effect until market and economic conditions support a return to the full operating schedule of five days per week. \n\n \n \n\n \nThe curtailments are due to the ongoing low price of lumber and the high cost of fibre, which are making the operating conditions in BC uneconomic. \nThese curtailments are in addition to all previously announced capacity reductions.\nForward Looking Statements\nCertain 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 to differ materially from any future results expressed or implied by such statements. Forward-looking statements are based on current expectations and Canfor assumes no obligation to update such information to reflect later events or...