VANCOUVER, June 27, 2019 /CNW/ - Canfor Pulp Products
Inc. (TSX:CFX) announced today it will be implementing phased
summer curtailments in July and August at its Intercontinental and
Northwood NBSK pulp mills in Prince
George, British Columbia (BC). This is due to a significant
deterioration in market conditions, in combination with fibre
supply constraints and higher fibre costs resulting from recent
sawmill curtailments across the BC industry. The curtailments will
reduce Canfor Pulp's production output by approximately 75,000
tonnes of NBSK pulp. The Company intends to resume full production
at Intercontinental and Northwood in September.
Canfor Pulp has three northern bleached softwood kraft pulp
mills, one BCTMP mill, and one kraft paper mill in BC.
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.
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 220,000 tonnes of Bleached Chemi-Thermo Mechanical Pulp
("BCTMP"). Canfor Pulp is the largest North American and one
of the largest global producers of market NBSK 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.