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home / news releases / CFP:CC - Canfor to reduce operations in Sweden due to weak demand

CFP:CC - Canfor to reduce operations in Sweden due to weak demand

Canfor Corporation
  • Canfor ( OTCPK:CFPZF ) said Wednesday it will reduce operations at its Swedish facilities, effective Sept. 12, due to weak market demand.
  • This will result in a 15% decrease in production capacity and is expected to be in effect through Q4.
  • "Rising inflation and mortgage rates in Europe, which are expected to persist into the fall, is impacting demand for lumber and as a result we are reducing production capacity," said CFPZF CEO Don Kayne.
  • The company cut production at its western Canada sawmills in Apr. due to supply chain woes .

For further details see:

Canfor to reduce operations in Sweden due to weak demand
Stock Information
Company Name: Canfor Corporation
Stock Symbol: CFP:CC
Market: TSXC
Website: canfor.com
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