Consumables

Canfor Announces Indefinite Closure of Its Mackenzie Sawmill

Friday 13. June 2008 - Canfor Corporation (TSX:CFP) announced today the indefinite closure of its Mackenzie sawmill in an effort to minimize operating losses during this period of prolonged poor lumber markets and ongoing production curtailments.

Canfor will adjust production schedules at its other operations in British Columbia and Alberta to recover the lost SPF lumber production.

The sawmill operations will cease on June 12th and the planer will operate for an additional two weeks to process existing rough inventory.

Approximately 200 employees will be impacted by the decision, a majority of which will be indefinitely laid off. The mill produces 176 million board feet of lumber on an annualized basis at current operating rates.