Companies in the timber industry / Daily News / Global Trends / Forestry / Lumber / Sawmilling / Wood Products / Global / North America
March 20, 2020
Interfor to cut production by 60% with curtailments at all sawmills due to coronavirus
Interfor Corporation will implement a number of initiatives in order to adjust its business to operating conditions being impacted by COVID-19. Interfor will temporarily reduce production across its operations in British Columbia, the Pacific Northwest and the US South. These curtailments are expected to reduce production by approximately 35 million board feet per week, which represents approximately 60% of Interfor’s production capacity. These curtailments will initially be for a two-week period and will be re-evaluated regularly. Interfor is planning to reduce its capital expenditures in 2020 ...
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