VANCOUVER, B.C. – Canfor Pulp Products reported its first quarter of 2024 results. Highlights include: Q1 2024 operating loss of $16 million; net loss of $2 million; Modest uptick in NBSK pulp unit sales realizations, despite relatively subdued global pulp demand and flat
producer inventory levels; and 7% increase in pulp production quarter-over-quarter reflecting solid operational performance and reduced unplanned downtime. CPPI’s CEO Kevin Edgson, said, “This was an improved quarter for Canfor Pulp, as we benefited from generally steady global softwood pulp market conditions and solid pulp production at both NBSK mills. While we continue to navigate the external challenges facing our business in relation to the availability of economically viable fibre, both in the short and longer term, we greatly appreciate our employees’ continued focus on enhancing our operational performance and efficiency.”