HEARST, ON -- Columbia Forest Products, a manufacturer of hardwood plywood and hardwood veneer, announced Sep. 12 that the company will shut down its Hearst, ON, particleboard plant indefinitely, effective Nov. 12, according to the CNW Group. The company cited escalating energy costs, low product prices, U.S./Canada exchange rate issues, softening demand and a growing market over-capacity as contributing factors to the plant's closure. The facility employs approximately 83. Read more.
Have something to say? Share your thoughts with us in the comments below.