Conifex curtails sawmill operations due to high log costs

Conifex curtails sawmill operations due to high log costs

Conifex Timber Inc.announced that it is temporarily curtailing sawmill operations at its Fort St. James, British Columbia sawmill for three weeks commencing February 4, 2019, due primarily to continued high log costs and lumber market conditions.

The temporary curtailment, together with Conifex’s previously announced curtailment which commenced in January, will result in an estimated 28% reduction in Conifex’s B.C. lumber production for the first six months of this year.

About Conifex Timber Inc.

Conifex and its subsidiaries' primary business currently includes timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value added lumber finishing and distribution. Conifex's lumber products are sold in the United States, Chinese, Canadian and Japanese markets. Conifex has expanded its operations to include bioenergy production following the commencement of commercial operations of its power generation facility at Mackenzie, BC.

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