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Conifex Timber Inc T.CFF

Alternate Symbol(s):  CFXTF

Conifex Timber Inc. is a Canada-based forest products company, which operates fiber baskets in North America, northern British Columbia. The Company produces lumber products and renewable energy from its sawmill and bioenergy plant in Mackenzie, British Columbia. Its lumber products are sold in the United States, Canadian and Japanese markets. It also produces bioenergy at its power generation facility at Mackenzie, British Columbia. Its lumber products include J-GRADE, 2 AND BETTER, SELECT, STUDS, ECONOMY and 3. The Company operates a two-line sawmill in Mackenzie, British Columbia (the Mackenzie Mill). Its Mackenzie Mill has approximately 240 million board feet of annual lumber capacity on a two-shift basis. It operates a 36-megawatt biomass power generation plant in Mackenzie, British Columbia (the Power Plant), located at the site of its Mackenzie Mill. Its Power Plant's output capacity is in excess of 230 gigawatt hours (GWh) of electricity per year.


TSX:CFF - Post by User

Post by hawkowl1on Dec 18, 2020 7:20am
168 Views
Post# 32138222

DISRUPTION AT POWER FACILITY

DISRUPTION AT POWER FACILITY

 

Conifex faces Mackenzie power plant ops disruption

2020-12-17 18:36 ET - News Release
Shares issued 47,036,089
CFF Close 2020-12-17 C$ 1.45

Mr. Jordan Neeser reports

CONIFEX ANNOUNCES OPERATING DISRUPTION AT POWER FACILITY AND FOURTH QUARTER 2020 RESULTS CONFERENCE CALL

Conifex Timber Inc. has experienced a disruption of operations at its power plant in Mackenzie, B.C., resulting from damage to the plant's generator. The boiler and other long-lead-time equipment have not been impacted.

Conifex is working with its contractors to assess the damages and the required work plan. Conifex currently estimates repairs and the resumption of operations in a matter of weeks.

The disruption at the power facility is not expected to impact sawmill operations.

Fourth quarter 2020 results conference call

Conifex plans to release its fourth quarter 2020 results after the market closes on March 2, 2021. Conifex has scheduled a conference call at 2 p.m. Pacific Time/5 p.m. Eastern Time on the same day to discuss its financial results. To participate in the call, please dial one of the following numbers.

 

Toll-free access (Canada/United States):  1-800-806-5484

Access:  416-340-2217

 

The call will also be available on instant replay access until April 2, 2021. For instant replay access, please dial one of the following numbers, and enter participant passcode 5775287 followed by the number sign.

 

Toll-free access:  1-800-408-3053

Access:  905-694-9451


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