Conifex Reducing Shift at its Glenwood Sawmill
Conifex Timber Inc. (“Conifex”) announced that commencing June 17, 2019, it is implementing a temporary curtailment with operations moving to one shift at its Glenwood, Arkansas sawmill for the foreseeable future, due to log supply shortages and poor market conditions.
The reduction is expected to reduce Conifex’s planned US South lumber production by approximately 4 million board feet in the second quarter of 2019.
About Conifex Timber Inc.
Conifex and its subsidiaries’ primary business currently includes timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value added lumber finishing and distribution. Conifex’s lumber products are sold in the United States, Chinese, Canadian and Japanese markets. Conifex has expanded its operations to include bioenergy production following the commencement of commercial operations of its power generation facility at Mackenzie, BC.
Yuri Lewis – CFO – email@example.com – (778) 331-8687
Source: Conifex Timber Inc.