Company announces reduction of 175 million board feet in response to weak market conditions
The B.C.-based forest products company announced in a Wednesday, May 1 news release it plans to reduce its lumber production by approximately 175 million board feet between May and September of this year, which is just under 10 per cent of its normal operating stance.
This reduction is a temporary move, the release stated, which will impact all of Interfor’s operating regions through reduced operating hours, prolonged holiday breaks, reconfigured shift schedules and extended maintenance shut-downs. The Grand Forks Gazette contacted Svetlana Kayumova, Senior Manager of Interfor’s Corporate Affairs & Communications for comment. She replied in an email the company was declining comment on this matter, adding the company was unable to disclose any further information on this announcement.
The company continues to monitor market conditions across all of its operations, adjusting production plans as needed, it stated. The release cautioned some of these statements are forward-looking based on current market conditions and the company’s plans. It cautioned readers that actual results may vary from forward-looking statements in the announcement.READ ALSO: Forest industry analysts paint grim picture for B.C. investment future
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