- Conifex (CFF) is taking unscheduled downtime at the Mackenzie lumber production facility
- Scheduled for June 5, the downtime will impact the production capacity by around 16 million board feet
- Based on the low water levels forecasted in the Williston Reservoir, the shutdown is seen as a must
- Maintenance will be done on site to make sure things are running as they should
- Regular work is scheduled to start in July. The company will also be closely monitoring the market conditions, adjusting production plans accordingly
- Conifex Timber (CFF) is trading at C$1.43 at 3:27 pm EST.
Conifex Timber Inc. (TSX: CFF) will shutdown its sawmill for four weeks at its Mackenzie, British Columbia worksite.
Scheduled for June 5, the downtime will impact the production capacity by around 16 million board feet.
Temporary shut down of the mill
Based on the low water levels forecasted in the Williston Reservoir, the shutdown is seen as a must.
The lower levels will negatively impacting Conifex’s ability to safely utilize in place reservoir assets, reducing demand for lumber products.
During this time, maintenance will be done on site to make sure things are running as they should be once operation is fully back up.
Regular work is scheduled to start in July. The company will also be closely monitoring the market conditions, adjusting production plans accordingly.
“We regret the impact this may have on our employees, their families, and the community,” said Ken Shields, Chairman and CEO.
“We appreciate everyone’s commitment to safe, reliable and efficient operations, and look forward to resuming production in July,” concluded Shields.
Company products are sold in the United States, Canadian and Japanese markets.
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 Timber (CFF) is trading at C$1.43 at 3:27 pm EST.
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