Canfor to Permanently Close Isle Pierre Sawmill Mill Near Prince George, British Columbia
May 21, 2020 - Canfor Corporation on May 20 announced it will be closing its Isle Pierre sawmill, which is located near Prince George, British Columbia, Canada. The closure will take effect in the third quarter of 2020 following an orderly wind down of operations. The closure is a result of an insufficient supply of economically viable timber following the Mountain Pine Beetle epidemic, coupled with the major global economic downturn as a result of the COVID-19 pandemic. "Unfortunately, the ongoing economic devastation caused by the COVID-19 pandemic has resulted in the urgent need for Canfor to make this difficult decision," said Don Kayne, President and CEO. "We know today's announcement will have a significant impact on our employees, contractors, their families and the local communities, which we deeply regret. We will work hard to redeploy as many employees as possible to other opportunities throughout the company." Based on the current one-shift operation, Isle Pierre sawmill has an annual production capacity of approximately 120 million board feet. About Canfor PulpCanfor Pulp Products Inc. is a leading global supplier of pulp and paper products with operations in the central interior of British Columbia (Canada) employing approximately 1,300 people throughout the organization. Canfor Pulp owns and operates three mills in Prince George, BC with a total capacity of 1.1 million tonnes of Premium Reinforcing Northern Bleached Softwood Kraft Pulp and 140,000 tonnes of kraft paper, as well as one mill in Taylor, BC with an annual production capacity of 230,000 tonnes of Bleached Chemi-Thermo Mechanical Pulp. For further information, visit: www.canfor.com. SOURCE: Canfor Corporation |