Canfor Corporation

Canfor curtailing operations in Sweden

August 31, 2022

Vancouver, BC - Canfor Corporation (TSX:CFP) is announcing reduced operating schedules effective September 12, 2022 at its Swedish facilities due to a decrease in market demand. The reduced operating schedules will result in a 15% decrease in production capacity and are anticipated to be in effect through the fourth quarter.

“Rising inflation and mortgage rates in Europe, which are expected to persist into the fall, is impacting demand for lumber and as a result we are reducing production capacity. We are committed to continuing to meet the needs of our customers,” said Don Kayne, President and CEO, Canfor.

Read the Full Release

Related news.

View All News