Brief: Canfor Pulp Announces Right-Sizing Of Operating Footprint With Permanent Closure Of Pulp Line At Prince George Pulp And Paper Mill

Canfor Pulp Products

12/01/2023 24:48

Jan 11 (Reuters) - Canfor Pulp Products Inc  CFX.TO :
    * CANFOR PULP ANNOUNCES RIGHT-SIZING OF OPERATING FOOTPRINT
WITH
PERMANENT CLOSURE OF PULP LINE AT PRINCE GEORGE PULP AND PAPER
MILL
    * SPECIALTY PAPER FACILITY AT SITE WILL CONTINUE TO OPERATE
    * PULP LINE IS EXPECTED TO CLOSE BY END OF Q1 OF 2023,
ANTICIPATED
TO IMPACT APPROX 300 POSITIONS ACROSS ORG BY END OF YEAR
    * DECISION WILL RESULT IN A REDUCTION OF 280,000 TONNES OF
MARKET
KRAFT PULP ANNUALLY
    * OVER THE NEXT FEW MONTHS, THE COMPANY WILL BE FOLLOWING AN
ORDERLY WIND DOWN PROCESS

Source text for Eikon:  ID:nCNWyVdmga 
Further company coverage:  CFX.TO 
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