VANCOUVER, BC, Oct. 17,
2022 /CNW/ - Canfor Pulp Products Inc. (TSX: CFX) is
announcing a temporary curtailment of its Intercontinental Pulp
Mill due to the lack of available economic fibre. Following its
annual turnaround maintenance that began on September 24, 2022 and lasted for two weeks, the
facility has implemented a two-week curtailment. Regular operations
are expected to resume on October 24,
2022. In total the four weeks of downtime is reducing Canfor
Pulp's production output by approximately 28,000 tonnes of market
kraft pulp.
"Despite strong global pulp markets, we are experiencing a
shortfall of economic fibre in British
Columbia. The fibre for pulp mills is increasingly
constrained due to the impacts of the decreasing allowable annual
cut, the end of the Mountain Pine Beetle epidemic, wildfires and
reduced sawmill capacity in the province," said Kevin Edgson, President & CEO, Canfor Pulp.
"We regret the impact of the downtime on our employees and are
working to support them through this time."
Forward Looking
Statements
Certain statements in this press release constitute
"forward-looking statements" which involve known and unknown risks,
uncertainties and other factors that may cause actual results to be
materially different from any future results, performance or
achievements expressed or implied by such statements. Words such as
"expects", "anticipates", "projects", "intends", "plans", "will",
"believes", "seeks", "estimates", "should", "may", "could", and
variations of such words and similar expressions are intended to
identify such forward-looking statements. These statements are
based on management's current expectations and beliefs and actual
events or results may differ materially. There are many factors
that could cause such actual events or results expressed or implied
by such forward-looking statements to differ materially from any
future results expressed or implied by such statements.
Forward-looking statements are based on current expectations and
Canfor assumes no obligation to update such information to reflect
later events or developments, except as required by law.
About Canfor Pulp Products
Inc.
Canfor Pulp Products Inc. ("Canfor Pulp" or "CPPI") is a leading
global supplier of pulp and paper products with operations in the
central interior of British
Columbia ("BC") 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 ("NBSK") 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
("BCTMP"). Canfor Pulp is one of the largest North American
and global producers of market northern softwood kraft pulp.
CPPI shares are traded on the Toronto Stock Exchange under the
symbol CFX. For more information visit canfor.com.
SOURCE Canfor Pulp Products Inc.