Canfor announced it is shutting down the northern B.C. sawmills due to weak lumber markets, regulatory practices and financial loses among other reasons
Canfor announced it is shutting down two of its northern B.C. sawmills, in Vanderhoof and Fort St. John, citing weak lumber markets and financial loses among other reasons.
Reflecting on the 85-years of the forestry company's operations in B.C. Canfor's President and CEO Don Kayne said they arrived at the decision after a thorough review of operating conditions, including the persistent challenge accessing economic fibre, ongoing financial losses, weak lumber markets and increased US tariffs.
"Continuing to operate under these conditions would prolong the punishing anti-dumping duties and put additional operations at risk. As a result, we are making the incredibly difficult decision to close our operations in Vanderhoof and Fort St. John."
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