- Interfor ( OTCPK:IFSPF ) (TSX: IFP) on Wednesday said it plans to reduce its lumber production output in the first quarter of 2023 by at least 100 million board feet, or 8% of quarterly capacity.
- The company cited economic conditions and market uncertainty as reasons for the impact on lumber demand.
- Temporary reduction in output is expected to be mostly concentrated outside of Interfor’s U.S. South operating region.
- The company said it currently expects to resume its normal operating schedule in April 2023, but will closely monitor market conditions and adjust its production plans accordingly.
For further details see:
Interfor cuts lumber production by 8% for Q1