Newspaper article The Canadian Press

Interfor Cutting Back B.C. Interior Production as Lumber Prices Plunge

Newspaper article The Canadian Press

Interfor Cutting Back B.C. Interior Production as Lumber Prices Plunge

Article excerpt

Interfor cutting back B.C. lumber production

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VANCOUVER - Interfor Corp. plans to cut production by about 20 per cent across its sawmills in the B.C. Interior as it faces declining lumber prices and higher log costs.

The Vancouver-based company said Friday that the scale-back is a temporary measure planned for the fourth quarter.

The cuts will be achieved through reduced operating days and extended weekends and holiday breaks spread across its three mills in the Interior, said chief financial officer Martin Juravsky.

"We're trying to do it as smooth as possible under the circumstances from an employee perspective."

The pullback comes as lumber prices for Western softwood have plunged from over US$650 per thousand board feet in June to under US$400 as concerns mount about the U. …

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