VANCOUVER, May 20, 2020 /CNW/ - Canfor Pulp Products Inc.
(TSX: CFX) is announcing the curtailment of Prince George Pulp and
Paper and Intercontinental Pulp for approximately four weeks
starting July 6, 2020.
"We have made the difficult decision to temporarily curtail
Prince George Pulp and Paper and Intercontinental Pulp due to the
major global economic impacts of the COVID-19 pandemic and the
shortage of economically viable fibre in the region," said Canfor
Pulp's Chief Executive Officer Don
Kayne.
The curtailment will reduce Canfor Pulp's production output by
approximately 38,000 tonnes of market kraft pulp and 12,000 tonnes
of kraft paper.
Canfor Pulp has three Northern Bleached Softwood Kraft (NBSK)
pulp mills, one Bleached Chemi-Thermo Mechanical Pulp (BCTMP) mill,
and one kraft paper mill in BC.
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 230,000 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. For more information visit canfor.com.
SOURCE Canfor Pulp Products Inc.