VANCOUVER, B.C. , Oct. 12, 2018 (GLOBE NEWSWIRE) -- INTERFOR CORPORATION (“Interfor” or the
“Company”) (TSX: IFP) today announced plans to temporarily reduce production across its operating platform in the BC Interior in
Q4’18 due to a combination of declining lumber prices and escalating log costs. The curtailment is expected to reduce
production in the region by approximately 20% during the quarter and will be taken by way of reduced operating days and
extended weekends/holiday breaks.
Interfor has three sawmills in the BC Interior, with total annual capacity of approximately 750 million board feet.
FORWARD-LOOKING STATEMENTS
This release contains information and statements that are forward-looking in nature, including, but not limited to, statements
about the Company’s log procurement and lumber production. A statement Interfor makes is forward-looking when it uses what is known
today to make a statement about the future. Such forward-looking statements are based on Interfor’s current expectations and
certain assumptions, including assumptions regarding log and lumber prices. Such forward-looking statements involve known and
unknown risks and uncertainties that, if they eventuate, may cause Interfor’s actual results to be materially different from those
expressed or implied by those forward-looking statements. Such risks and uncertainties include, among other things, lumber
price volatility, availability and cost of log supply, natural or man-made disasters and other factors referenced in Interfor’s
2017 annual Management’s Discussion & Analysis under the heading “Risks and Uncertainties”, which is available on www.sedar.com and on www.interfor.com. Readers are cautioned not to place undue reliance on forward-looking
information or statements. Interfor undertakes no obligation to update such forward-looking information or statements, except
as required by law.
ABOUT INTERFOR
Interfor is a growth-oriented lumber company with operations in Canada and the United States. The Company has annual
production capacity of approximately 3.1 billion board feet and offers one of the most diverse lines of lumber products to
customers around the world. For more information about Interfor, visit our website at www.interfor.com.
For further information:
Martin L. Juravsky, Senior Vice President & Chief Financial Officer
(604) 689-6873