VANCOUVER - Leading Canadian wood product manufacturer Canfor will extend its temporary curtailment at sawmills in British Columbia during Q1 2019 due to a continuing decline in lumber prices, in addition to high log costs and log supply constraints.

 

ARTICLE Shrinking log supply forces Canfor to curtail sawmill operations in British Columbia Leading Canadian wood product manufacturer Canfor will curtail sawmill operations in British Columbia during Q4 2018 due to log supply constraints, log costs and current market conditions.

The extension is expected to reduce Canfor’s production output by an additional 55 million board feet in Q1 as the company will be reducing operating hours at some sawmills throughout the quarter. The company's sawmills were scheduled to resume production on January 7, 2019.

Canfor has 13 sawmills in Canada, with a total annual capacity of approximately 3.8 billion board feet.