Tolko is extending downtime at its Armstrong and Soda Creek lumber mills in Canada for an additional two weeks due to poor market conditions and uneconomic log costs, as the company says in the press release received by Lesprom Network.
“As the recent rash of curtailments and closure announcements indicates, current market and cost conditions are making it difficult to operate in B.C.,” says Vice President, Solid Wood, Troy Connolly. “And, with significant increases to stumpage rates set to take effect in July of this year, we expect conditions to remain challenging.”
An additional 16 million board feet (mbf) of capacity will be removed from Tolko’s lumber production as a result of today’s announcement.
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.
