PRINCE GEORGE, B.C. — Canfor has announced it will permanently close its Northwood pulp mill in Prince George, a decision that will directly affect 300 employees and mark another significant blow to the city’s forestry sector. The company cited ongoing financial losses, a global oversupply of pulp, and continuing challenges securing fibre needed to operate the mill sustainably. The closure will reduce Canfor’s annual production of Northern Bleached Softwood Kraft pulp by 300,000 tonnes. The Northwood facility is expected to undergo an orderly wind-down process before shutting down permanently in late 2026. Canfor CEO Susan Yurkovich said the decision was a difficult one but necessary given current market conditions. …The global pulp industry continues to face major challenges as significant new production capacity has come online around the world. …The company also pointed to long-standing fibre supply issues in BC. …Those conditions have led to a prolonged period of unsustainable losses for its pulp division.