VANCOUVER, British Columbia, Aug. 22, 2022 -- Conifex Timber Inc. (“Conifex”) (TSX: CFF) announced today that it is reducing its operating schedule to a one-shift basis at its Mackenzie, British Columbia sawmill commencing August 29, 2022.

The original vision for the mill to produce dissolving pulp had to be abandoned after trade actions were imposed. In 2019, our team began actively developing a start-up business plan for Prince Albert based on producing Northern Bleached Softwood Kraft (NBSK) pulp. The study work has estimated the cost to rebuild and restart the mill is $550 million.

Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) ("CP") today announced it has received the required regulatory clearance from the Committee on Foreign Investment in the United States ("CFIUS") for the proposed combination of CP and Kansas City Southern ("KCS").

The Bear Island strategic investment in the conversion of assets to recycled containerboard production is progressing well despite the current environment of important cost inflation and delays in the completion of certain construction milestones due to labour and material availability.

VANCOUVER, B.C., August 9, 2022 – West Fraser Timber Co. Ltd. ("West Fraser" or the "Company") (TSX and NYSE: WFG) announced today it is permanently curtailing approximately 170 million board feet of combined production at its Fraser Lake and Williams Lake sawmills and approximately 85 million square feet of plywood production at its Quesnel Plywood mill.  

A sawmill has many suppliers, but there are none more important than the forest. Without the forest, there would be no logs for a sawmill to operate, there would be no lumber, no wood chips and no shavings.

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