Companies in the timber industry / Daily News / Global Trends / Market Analysis / Forestry / Lumber / Sawmilling / Wood Products / Global / North America
February 13, 2019
Canadian lumber giants face huge forestry sector crisis
Last week, Canfor Corp. announced that it temporarily curtailed operations at three of its sawmills in British Columbia, because of the market conditions. On January 14th, West Fraser Timber Co. Ltd. also announced further cuts in its operations. According to BNN Bloomberg, this curtailments are the logical response to the high log costs and the low lumber prices. Kevin Mason, managing director at ERA Forest Products Research, explained that “West Fraser has always been viewed as the – if not one of the – lowest-cost producers out there and yet, here they’re ...
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