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Canfor Corp T.CFP

Alternate Symbol(s):  CFPZF

Canfor Corporation is an integrated forest products company. The Company operates through two segments: lumber segment and pulp and paper segment. The Company’s solid wood products include dimension lumber, specialty lumber and engineered wood products. The dimension lumber products include Spruce Pine Fir (SPF), Southern Yellow Pine (SYP), Douglas Fir Larch (DFL) and Canfor Red. The specialty lumber products include Balfour Boards, WynnWood Boards, Decking/Fascia, Lamstock, Long Lengths, Shop/Clears and Access Mat Lumber. Its Pulp products include Bleached Softwood Kraft Pulp and Unbleached Softwood Kraft Pulp. Its paper products include Bleached Kraft, Coloured Kraft and Unbleached Kraft. It also has bioenergy products. It also produces green energy in its lumber and pulp facilities across North America. The Western Canadian operations produce superior SPF lumber from sustainably managed forestlands. It is used for construction projects in North America and around the globe.


TSX:CFP - Post by User

Bullboard Posts
Post by louelon Jul 19, 2019 12:37am
98 Views
Post# 29938038

Down indefinatly !

Down indefinatly !

Thank the BC NDP and Trudeau's Liberals for the higher costs.  (Carbon Tax, Payrol Tax, Stumpage,  Just to name three of the added costs.
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With the forestry industry still struggling in the province, two northern B.C. sawmills owned by Canfor are now feeling the effects.

The company announced today (July 18) it will be permanently eliminating one shift from its Isle Pierre sawmill, nearly 50 km west of downtown Prince George, and indefinitely curtailing operations at its Mackenzie sawmill.

Both reductions vary in reasons, but some are for similar circumstances.

Isle Pierre will now only see one working shift for its workers starting Sept. 20, 2019 thanks in part to the mountain pine beetle epidemic that’s caused an ‘insufficient’ timber supply and a decline in annual allowable cut.

In a news release, Canfor explains the one shift will help better align the mill’s production capacity with the “sustainable fibre supply in the region.”

Meanwhile in Mackenzie, its curtailment, with no timeline on the table, is due to a high cost of fibre, continued poor lumber market, and challenging operating conditions that have made the mill ‘uneconomic.’

“We deeply regret the impacts that these capacity reductions will have on our Mackenzie and Isle Pierre employees, contractors, their families and the local communities,” said Canfor Senior VP of Canadian Operations Stephen Mackie in a statement. “The B.C. forest industry is continuing to face very significant challenges. None of our temporary or permanent curtailment decisions have been made lightly, nor are they a reflection on the hard work and dedication of our employees.”

This comes less than a month after Canfor announced curtailments at two PG pulp Mills. (Intercontinental and Northwood). 


 


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