Canfor Temporarily Curtailing BC Operations in Q4

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[{"type":"text","content":"\n\n\n\nCanfor Temporarily Curtailing BC Operations in Q4\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, Nov. 1, 2018\n\n\n\nVANCOUVER, Nov. 1, 2018 /CNW/ - Canfor Corporation (TSX: CFP) announced today it will be curtailing sawmill operations in British Columbia (BC) during Q4 2018 due to log supply constraints, log costs and current market conditions. The curtailment is expected to reduce Canfor's BC production output by approximately 10% throughout the quarter.\n\n \n \n\n \n\"We have made the difficult decision to curtail our BC sawmill operations over the fourth quarter due to log supply challenges following another difficult wildfire season, uncompetitive log costs and declining lumber prices,\" said Don Kayne, President and Chief Executive Officer. \"We are working to mitigate impacts on our employees as much as possible.\"\nLumber production will be reduced over the quarter through a decrease in operating days. This will be achieved through immediate short-term curtailments at some facilities, along with extended downtime at Christmas.\nCanfor has 13 sawmills in Canada, with total annual capacity of approximately 3.8 billion board feet.\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 ...

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