Canfor Announces the Indefinite Closure of its PolarBoard and Tackama Mills
Canfor Corporation (TSX:CFP) announced today that due to the continued poor wood product markets, a high Canadian dollar and record low oriented strand board (OSB) prices, it will be closing indefinitely its PolarBoard OSB and Tackama plywood mills in Fort Nelson, B.C. once existing log inventories are utilized and finished products shipped. This is expected to occur in April for the Tackama mill and during the summer for the PolarBoard operation.