The curtailments will be taken by way of reduced hours at five of the Company's mills in the region and will remain in place until market conditions dictate otherwise.
"Prices for Southern Yellow Pine lumber have fallen by 27% since the beginning of the year as available supply has outstripped product demand in the region," said Duncan Davies, 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 fall."
The curtailments are at Interfor's sawmills in Baxley, Thomaston and Meldrim, Georgia; Georgetown, South Carolina; and Monticello, Arkansas. During this time, Interfor will implement a series of planned maintenance and reliability improvements at the affected sawmills which will offset the financial impact of the curtailments on a go-forward basis.
Interfor has 9 sawmills across the US South, with total annual capacity of approximately 1.3 billion board feet.
