INTERFOR CORPORATION (“Interfor” or the “Company”) (TSX: IFP) today announced plans to
reduce its lumber production by approximately 175 million board feet between May and September of
2024, representing just under 10% of its normal operating stance.
The temporary curtailments will impact all of Interfor’s operating regions, including the US South,
through a combination of reduced operating hours, prolonged holiday breaks, reconfigured shifting
schedules and extended maintenance shut-downs.
The curtailments are in response to persistently weak market conditions.
“Benchmark lumber prices have continued to weaken since the beginning of the year, from already
unsustainably low levels, as available supply has outstripped product demand,” said Ian Fillinger,
Interfor’s President & CEO. “This action will help bring Interfor’s production and the needs of our
customers back into balance. It will also help to keep inventory levels in check as we move into the
summer.”
Today’s announcement follows Interfor’s February 15, 2024 announcement to indefinitely curtail its
sawmill operations in Philomath, Oregon. The Philomath sawmill had an annual production capacity of
220 million board feet and ceased operations and shipments at the end of March 2024.
The Company will continue to monitor market conditions across all of its operations and adjust its
production plans accordingly
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