Canfor Corporation has announced a temporary reduction in production in British Columbia due to the “challenging market conditions” experienced by the business.
Production capacity will be reduced through a two-week curtailment beginning 26 September 2022 at the majority of the company’s solid wood facilities in British Columbia and will be followed by the resumption of reduced operating schedules until the end of 2022.
It said this is expected to result in a reduction of approximately 200 million board feet of production capacity.
Don Kayne, President and Chief Executive, Canfor, said: “We are temporarily curtailing production in British Columbia due to reduced market demand.
“We will leverage our global operating platform to prioritise the requirements of our customers.”
To limit the impact on employees, they will have the opportunity to work during the downtime to complete maintenance projects and other site activities.
Canfor said the temporary reduction will last through to the end of 2022.