Due to persistent weak lumber markets, Canfor Corporation today announced it will reduce production at its southern US operations.
Canfor will indefinitely curtail one shift at its Darlington facility in South Carolina, and reduce operating hours at its Estill, South Carolina and Moultrie, Georgia locations. The company will also implement curtailments across other southern US operations to better align with market demand. These changes will reduce lumber production by approximately 215 million board feet on an annualized basis.
The changes we are making today will better aling production capacity in our US operations with current market condition," said Lee Goodloe, President, Canfor Souther Pine.
"We regret the impact changes will have on our employees and their families”.
The Company will continue to evaluate conditions on an ongoing basis and adjust operating rates to align whith market demand.
Source: Canfor.com