Canfor to permanently close Chetwynd facility and curtail Houston sawmill in British Columbia

Canfor Corporation is restructuring its British Columbia (B.C.) operations by permanently closing its Chetwynd sawmill and pellet plant and temporarily closing its Houston sawmill for an extended period to facilitate a major redevelopment on the site. Both facilities will be closed following an orderly wind-down of operations that is expected to conclude early in Q2 2023 and will remove approximately 750 million board feet of annual production capacity.

The Company intends to build a new, modern, globally competitive manufacturing facility that employs state-of-the-art technology to produce high-value products from the sustainable timber supply in the region. Project planning, scoping, preliminary engineering, and budgeting are underway. The Company will undertake a comprehensive evaluation of the availability of economic fiber and a thorough project financial analysis, supporting a final investment decision by the end of Q2 2023.

Canfor is a global leader in the manufacturing of high-value low-carbon forest products including dimension and specialty lumber, engineered wood products, pulp and paper, wood pellets, and green energy.

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