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Canfor announces indefinite closure of Chetwynd sawmill

Vancouver, BC – Canfor Corporation has announced that, due to the continued poor lumber markets and a high Canadian…

Vancouver, BC – Canfor Corporation has announced that, due to the continued poor lumber markets and a high Canadian dollar, that it will be closing its Chetwynd sawmill indefinitely once existing log inventories are utilized and finished products shipped. This is expected to occur in late January-early February of 2008.

Approximately 188 employees will be impacted by the decision and will be indefinitely laid off. The mill has a capacity of 244 million board feet of production on an annualized basis.

“This announcement is in keeping with the company’s decision to re-structure its production schedules to reflect the demands of the market place and ensure the needs of key customers continue to be met,” said Canfor President and CEO Jim Shepard.