Conifex to Extend COVID-19 Curtailment
Conifex Timber Inc. (“Conifex”) announced that, in response to continued weakened global demand for forest products amid sustained uncertainty from the economic impact of the COVID-19 pandemic, it is extending its temporary production curtailment at its Mackenzie, British Columbia sawmill for four weeks to June 1, 2020. The curtailment is not expected to have any adverse consequence on bioenergy operations.
Conifex will continue to closely monitor the evolving market conditions, customer demand and the global COVID-19 response while prioritizing employee health and safety considerations.
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 also produces bioenergy at its power generation facility at Mackenzie, BC.
Contact:
Jordan Neeser – CFO – jordan.neeser@conifex.com – (604) 216-6825
Source: Conifex Timber Inc.
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