Brief: Canfor Says Temporarily Curtailing Canadian Production Capacity

Canfor

06/12/2022 24:21

Dec 5 (Reuters) - Canfor Corp  CFP.TO :
    * CANFOR TEMPORARILY CURTAILING CANADIAN PRODUCTION CAPACITY
    * ANNOUNCING A TEMPORARY REDUCTION IN CANADIAN PRODUCTION
DUE TO
VERY WEAK MARKET CONDITIONS
    * PRODUCTION WILL BE REDUCED THROUGH CURTAILMENTS AT ALL
SOLID
WOOD FACILITIES IN B.C. AND ALBERTA
    * THIS WILL REMOVE APPROXIMATELY 150 MILLION BOARD FEET IN
DECEMBER AND JANUARY
    * CURTAILMENTS WILL START TO BE IMPLEMENTED ON DECEMBER 19,
2022
AND WILL RANGE FROM ONE TO FOUR WEEKS ACROSS ITS CANADIAN
OPERATIONS
    * CANFOR- WILL CONTINUE TO ADJUST OPERATING
RATES;ANTICIPATES
MAJORITY OF BC FACILITIES WILL OPERATE BELOW FULL CAPACITY IN
NEW YEAR

Source text for Eikon:  ID:nCNWNGjL0a 
Further company coverage:  CFP.TO 
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