Production capacity cutsAs predicted by many, there will be many reduction of capacity and mill closure in BC.
This announcement from Canfor won't be the last.This is very good news.Lower capacity
will mean higher sustainable lumber prices.While IFP beat again in it's latest quarter, it look like
it was a miss with WFG.
Being the less exposed to BC, Interfor should outperform it's peers
Today Canfor Corporation (TSX:CFP) announced the permanent reduction of 150 million board feet of production capacity at its Plateau Sawmill to resize the facility and align it with the available, sustainable timber supply in the region following the devastating impacts of the Mountain Pine Beetle infestation and other constraints on the timber harvesting land base. The reduction in production capacity will be achieved through a partial plant closure and the elimination of one of the three production lines in the mill.