Canfor Pulp Temporarily Curtailing Intercontinental Pulp Mill

Canfor Pulp Products Inc. is announcing a temporary curtailment of its Intercontinental Pulp Mill due to the lack of available economic fibre. Following its annual turnaround maintenance that began on September 24, 2022 and lasted for two weeks, the facility has implemented a two-week curtailment. Regular operations are expected to resume on October 24, 2022. In total the four weeks of downtime is reducing Canfor Pulp’s production output by approximately 28,000 tonnes of market kraft pulp.

“Despite strong global pulp markets, we are experiencing a shortfall of economic fibre in British Columbia. The fibre for pulp mills is increasingly constrained due to the impacts of the decreasing allowable annual cut, the end of the Mountain Pine Beetle epidemic, wildfires and reduced sawmill capacity in the province,” said Kevin Edgson, President & CEO, Canfor Pulp. “We regret the impact of the downtime on our employees and are working to support them through this time.”

About Canfor Pulp Products Inc.

Canfor Pulp Products Inc. (TSX:CFX) (“Canfor Pulp” or “CPPI”) is a leading global supplier of pulp and paper products with operations in the central interior of British Columbia (“BC”) employing approximately 1,300 people throughout the organization. Canfor Pulp owns and operates three mills in Prince George, BC with a total capacity of 1.1 million tonnes of Premium Reinforcing Northern Bleached Softwood Kraft (“NBSK”) Pulp and 140,000 tonnes of kraft paper, as well as one mill in Taylor, BC with an annual production capacity of 230,000 tonnes of Bleached Chemi-Thermo Mechanical Pulp (“BCTMP”). Canfor Pulp is one of the largest North American and global producers of market northern softwood kraft pulp. CPPI shares are traded on the Toronto Stock Exchange under the symbol CFX. For more information visit canfor.com.

Contact:

Michelle Ward – Vice President Corporate Communications – communications@canfor.com – (604) 661-5225

Source: Canfor Pulp Products Inc.