Canfor Pulp Products Inc. ("CPPI") reported 3Q 2018 results and quarterly. The Company reported operating income of $60.5 million for the 3Q 2018, a decrease of $24.9 million from $85.4 million reported for the 2Q 2018, which principally reflected a 20% decrease in pulp shipments that was mostly timing-related, and, to a lesser extent, higher market-driven fibre costs.
Commenting on the Company's 3Q 2018 results, CPPI's CEO, Don Kayne said, "Canfor Pulp recorded another financially solid quarter despite significant scheduled maintenance downtime, ramp-up efforts at Taylor and several operational challenges. We are very focused on completing our repairs to our No.5 recovery boiler at Northwood and on returning to full operating capacity later this quarter".
CPPI is a leading global supplier of pulp and paper products with operations in the central interior of British Columbia ("BC") employing approximately 1,300 people throughout the organization.
