Canfor is indefinitely closing its Tackama plywood plant in Fort Nelson, BC. Once the mill’s existing log and venee…
Canfor is indefinitely closing its Tackama plywood plant in Fort Nelson, BC. Once the mill’s existing log and veneer inventories run out, which is expected to happen by the end of October, the plant will shut down.
Roughly 290 employees will be impacted by the decision, and the facility has an annual capacity of 220 million square feet of plywood.
The company cited poor demand for its product and low plywood prices as necessitating the decision.
“This difficult decision is in no way a reflection on the good efforts and performance of our employees at the Tackama site who have continued to make operational and cost improvements throughout these unprecedented and challenging market conditions and we would like to thank them for their efforts,” Marketwatch.com reported Canfor president and CEO Jim Shepard as saying.
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