Conifex to Temporarily Curtail Mackenzie, BC Sawmill Operations
October 07 2022 - 6:49PM
Dow Jones News
By Stephen Nakrosis
Conifex Timber Inc. on Friday said it would temporarily curtail
its Mackenzie, British Columbia, sawmill operations for two weeks,
starting Oct. 11.
"BC Ministry of Forests policies and practices which position
sawmills in the BC Interior region at the high end of the industry
cost curve, combined with a steep decline in lumber prices during a
period of softer global market demand, have necessitated Conifex
take this step," the company said.
Conifex said it expects the temporary curtailment will affect
production capacity by about 7 million board feet in the fourth
quarter.
In Aug., the company, citing "acute transportation challenges,"
said it was reducing the operating schedule at the Mackenzie
sawmill to a one-shift basis.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
October 07, 2022 18:34 ET (22:34 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
Conifex Timber (TSX:CFF)
Historical Stock Chart
From Mar 2024 to Apr 2024
Conifex Timber (TSX:CFF)
Historical Stock Chart
From Apr 2023 to Apr 2024
