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Canfor announces additional temporary curtailment of operations in B.C.

January 30, 2019 – Canfor Corporation has issued a temporarily curtailment of operations at three British Columbia mills, adding another 40 million board feet to its previously announced reductions.

The company cites log supply constraints, log costs and current market conditions as the reasons for the curtailment.

Canfor’s sawmill in Vavenby will be curtailed for six weeks from February 11 to March 22, 2019. In addition, Canfor’s sawmills in Houston and Mackenzie will be curtailed for one week each in Q1.

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In combination, these curtailments will reduce Canfor’s production output by approximately 40 million board feet. This is in addition to the approximately 150 million board feet of production capacity that was curtailed by Canfor in Q4 2018 and early Q1 2019, as previously announced.

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