Canfor Closing Rustad Mill
By 250 News
Vancouver, B.C.- Canfor Corporation has announced the indefinite closure of its Rustad, Vavenby, and Radium sawmills.
The company says the operations will be shut down once existing log inventories are used up and finished products shipped. It's expected that this will occur over June and July and may vary by operation.
The closures are expected to impact approximately 570 employees. Canfor says the mills have a compbined capacity of 560 million board feet of production a year, which represents 11% of the corporation's total lumber capacity. With the latest shutdowns, Canfor will be running at approximately 50 percent of total rated lumber capacity.
“These decisions are never easy, but are taken in the face of a market downturn that is unprecedented in terms of both duration and intensity. Canfor must continue to re-structure its production capabilities to match the demands of the market and ensure the needs of key customers continue to be met,” said Canfor President and CEO Jim Shepard.
At the beginning of May, Canfor announced that it would be restarting its Mackenzie sawmill with a single shift.
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