VANCOUVER, BC, Dec. 2, 2021 /CNW/ - Canfor Pulp Products Inc.
(TSX: CFX) is announcing temporary NBSK and BCTMP production
reductions at Northwood Pulp and Taylor Pulp in response to the
significant transportation interruptions being experienced in
British Columbia (BC).
The Company's pulp shipments have declined as a result of the
recent weather-related transportation disruptions. With pulp mill
inventories nearing capacity, the Company's pulp production will be
reduced until such time as the BC transportation network is able to
return to more-normal operating conditions. This will result in
reduced production achieved through a minimum two-week curtailment
of Canfor's NBSK production at Northwood Pulp and a minimum
four-week curtailment of the production of BCTMP at Taylor
Pulp.
"As a result of the extreme rainfall and flooding that BC has
been experiencing in recent weeks, the rail and highway networks
have been substantially impacted. Our employees have worked very
hard to mitigate the impacts of the supply chain challenges and it
has now become critical to reduce production to manage inventory
levels and ensure employee safety until the transportation network
returns to more normal operations," said Canfor Pulp's Chief
Executive Officer, Don Kayne.
Canfor Pulp is closely monitoring the supply chain challenges in
BC and will continue to adjust operating plans to reflect current
weather and transportation conditions over the coming weeks.
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 one of the largest North American
and global producers of market northern softwood kraft 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.