VANCOUVER, BC, March 29,
2022 /CNW/ - Canfor Pulp Products Inc. (TSX: CFX) is
announcing a minimum six-week extension of the curtailment of BCTMP
production at Taylor Pulp due to the ongoing transportation
shortages that have resulted in continued high finished product
inventories at the pulp mill.
"Unfortunately, the ongoing rail transportation situation has
not improved, and we have no choice but to extend the current
production curtailment," said Kevin
Anderson, VP Operations, Canfor Pulp. "We are very
disappointed in the ongoing impact this is having on our employees,
their families and the community."
The curtailment extension will further reduce the production of
BCTMP by at least 25,000 tonnes.
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.