Canfor Announces Mill Closure
By 250 News
Prince George, B.C. - Canfor has announced it is permanently closing it’s Panel and Fibre mill in New Westminster, putting 126 people out of work.
While the company expects the closure to take place on the 8th of January in the new year, it says the mill be shut down once the fibre invetories have been used, and the ill equipment has been decommissioned.
The move will put 126 people out of work.
The New Westminster mill manufactures specialty products including hardboard panels, erosion control wood mulch and baled fibre from wood that has been recovered from demolished homes, and broken pallets.
The Mill is competing for fibre as lower mainland greenhouses are now in the market trying to buy the same material in order to hear their operations. The Mill also needs an upgrade, but Canfor is not prepared to pump a great deal of money into the facility. Canfor has made it clear it will be focusing any capital expenditures to its core business which is the production of lumber.
Battered by the downturn in the U.S housing market, an oversupply of lumber, and the soaring dollar, Canfor has been trying to cut costs and reduce the supply wood products. Most Canfor mills are into scheduled shut downs, with two weeks downtime the norm. There will also be extra downtime over Christmas with some mills closing on Christmas Eve and not reopening until January 8th. Canfor is trying to reduce lumber output by 255 million board feet.
Previous Story - Next Story
Return to Home
The green house business is also out. They burn wood in Vancouver, so how could they ever compete or be welcome in PG? We'd sooner starve.
In Deb's World we can't even get food trucked in as the diesel trucks make smoke as well.
PG is in for some tough hungry years.