VANCOUVER, BC — Canfor announced the closure of its Plateau and Fort St. John operations located in northern BC. These closures will impact approximately 500 employees and will remove 670 mbf of production capacity. Don Kayne, CEO said “Our company has proudly operated in BC for more than 85 years. …We have always been prepared to manage through challenging times and market fluctuations, recognizing the cyclical nature of our business. However, increasing regulatory complexity, high operating costs and the inability to reliably access economically viable timber to support our manufacturing facilities has resulted in hundreds of millions of dollars of losses in our BC operations… exacerbated by increases in the punitive US tariffs. …Continuing to operate under these conditions would put additional operations at risk. …The wind down of operations is expected to be complete by the end of the year. With the dramatic reduction in available timber supply, we will explore opportunities to divest some of our northern BC tenure, which may help support other BC forest companies facing the same significant challenges in accessing economic fibre.”