Brief: Canfor Restructuring B.C. Operations To Create A More Sustainable Footprint

Canfor

26/01/2023 24:33

Jan 25 (Reuters) - Canfor Corp  CFP.TO :
    * CANFOR RESTRUCTURING B.C. OPERATIONS TO CREATE A MORE
SUSTAINABLE FOOTPRINT
    * TEMPORARILY CLOSING ITS HOUSTON SAWMILL FOR AN EXTENDED
PERIOD
TO FACILITATE A MAJOR REDEVELOPMENT ON SITE
    * PERMANENTLY CLOSING ITS CHETWYND SAWMIL
    * BOTH FACILITIES WILL BE CLOSED FOLLOWING ORDERLY WIND DOWN
OF
OPERATIONS, EXPECTED TO CONCLUDE EARLY IN THE SECOND QUARTER OF
2023
    * CANFOR-UNDERTAKE  EVALUATION OF AVAILABILITY OF ECONOMIC
FIBRE,
THOROUGH PROJECT FINANCIAL ANALYSIS, SUPPORTING FINAL INVESTMENT
DECISION END OF Q2 2023
    * CLOSING DOWN WILL REMOVE APPROXIMATELY 750 MILLION BOARD
FEET OF
ANNUAL PRODUCTION CAPACITY

Source text for Eikon:  ID:nCNWB4njva 
Further company coverage:  CFP.TO 
 ((Reuters.Briefs@thomsonreuters.com;))