Sep 10, 2015. /Lesprom Network/. Canfor Corporation to permanently close its sawmill in Canal Flats, British Columbia, which has a two-shift production capacity of 180 million board feet. The Company anticipates the mill will cease operations on November 9, 2015. All employees impacted by the closure will be offered opportunities to transfer to other divisions of Canfor Corporation, as the company says in the press release received by Lesprom Network.

"A lack of economically available fibre supply for our Canal Flats operation, combined with depressed market conditions in the oil and gas and lumber markets that it serves, have brought operating losses we can no longer sustain," said Canfor President and CEO Don Kayne.

Canfor is a leading integrated forest products company based in Vancouver, British Columbia ("BC") with interests in BC, Alberta, North and South Carolina, Alabama, Georgia and Mississippi. Canfor produces primarily softwood lumber and specialized wood products.