November 2, 2023
Vancouver, BC - Canfor Pulp Products Inc. (“The Company” or “CPPI”) (TSX: CFX) today reported its third quarter of 2023 results:
Overview:
- Q3 2023 reported operating loss of $49 million; net loss of $36 million, or $0.55 per share
- Stable global pulp market fundamentals throughout the quarter, as a slight uptick in purchasing activity in China was offset by ongoing challenging conditions in other global regions
- Northwood NBSK Pulp Mill scheduled maintenance downtime and inspection of recovery boiler number one completed as planned; restart delayed due to operational challenges