VANCOUVER, Sept. 24, 2018 /CNW/ - Canfor Pulp Products Inc.
(TSX:CFX) announced today that it will extend its scheduled
maintenance 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 necessary tube replacements to its No. 5
recovery boiler to rectify damage discovered during routine
preventative maintenance inspections.
Based on a preliminary review, the Company currently estimates
that the extended downtime will be approximately 70-80 days with a
reduction in production of NBSK pulp of 60,000-70,000 tonnes, 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.
Due to the mitigation efforts by Canfor Pulp, the temporary
outage is not expected to have a material impact on the financial
condition of the Company.
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.
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 220,000 tonnes of Bleached Chemi-Thermo Mechanical Pulp
("BCTMP"). Canfor Pulp is the largest North American and one
of the largest global producers of market NBSK Pulp. CPPI
shares are traded on the Toronto Stock Exchange under the symbol
CFX.
SOURCE Canfor Pulp Products Inc.