Post by
downwithdotcom1 on Jan 26, 2023 12:46am
Canfor restructuring..750 mill board ft to be removed ...
On the other hand, continued closures the latest and biggest yet for wood board ft being removed in BC...well past 1 billion ft and maybe closer to 2 billion board ft ..TOO MANY MILLS CHASING TOO FEW TREES...see below..dwdc
"To better align manufacturing capacity in British Columbia with the available long-term fibre supply, Canfor Corporation (TSX: CFP) is restructuring its B.C. operations by permanently closing its Chetwynd sawmill and pellet plant and temporarily closing its Houston sawmill for an extended period to facilitate a major redevelopment on the site. The Company intends to build a new, modern, globally competitive manufacturing facility that employs state of the art technology to produce high value products from the sustainable timber supply in the region. Project planning, scoping, preliminary engineering and budgeting are underway. The Company will undertake a comprehensive evaluation of the availability of economic fibre and a thorough project financial analysis, supporting a final investment decision by the end of the second quarter of 2023. Both facilities will be closed following an orderly wind down of operations that is expected to conclude early in the second quarter of 2023 and will remove approximately 750 million board feet of annual production capacity."