VANCOUVER, BC, Dec. 22, 2021 /CNW/ - Canfor Pulp Products Inc.
(TSX: CFX) announced today an extended outage on one production
line at its Northwood Northern Bleached Softwood Kraft ("NBSK")
Pulp mill located in Prince George,
British Columbia ("BC"). The outage is to enable the
rebuild of the lower furnace of its number one recovery boiler
("RB1"), in order to ensure the safe and reliable operation of the
boiler.
The Company currently estimates that the extended downtime will
be approximately 85 to 100 days, with a reduction in production of
NBSK pulp of 68,000 to 80,000 tonnes and an estimated capital cost
of $30 million, as well as higher
associated maintenance costs. Canfor Pulp will continue to operate
the second production line at the Northwood Pulp mill over this
period.
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
the Company 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 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.