Canfor joins other majors in slashing production

Canfor's sawmill in Prince George is just one of 10 that it owns in B.C. | Submitted

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Canfor Corp. (TSX:CFP)  has joined other major forestry companies in cutting it production at sawmills, slashing capital spending and deferring retooling and upgrades.

The cuts and curtailments are in response to the COVID-19 pandemic, which not only puts workers at risk if they continue to work in settings where they cannot practice social distancing, but also has disrupted supply chains and reduced the global demand for lumber.

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Source: Business in Vancouver

 

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