Tolko Industries announced that, due to continued high log costs and poor North American market conditions, it will curtail its Kelowna operations in Canada for an indeterminate period.
“This decision was not easy for us to make,” says Vice President of Solid Wood Troy Connolly. “We are very disappointed to be in a position where we have to curtail the mill, particularly given the reasons for this extension are beyond our control. However, with lumber market prices at sustained low levels and high log costs in B.C., the mill cannot be cost-competitive.”
Connolly said employees were informed of the decision earlier today and their managers are available to assist them with any questions they may have.
Tolko is a leading North American manufacturer of a wide range of forest products for customers around the world, including lumber, plywood, veneer, oriented strand board, co-products, biomass power and a growing number of specialty wood products.
