Canfor’s decision on Houston, BC mill is a message to government that BC is “uninvestable”

By Russ Taylor, Russ Taylor Global
Truck LoggerBC Magazine
July 2, 2024
Category: Finance & Economics
Region: Canada, United States

In early 2023, Canfor closed the original mill as it was too old and oversized for the available timber supply, later announcing they would move forward in with building a new, smaller mill. In May 2024, they then announced, “we have made the difficult decision to suspend our plan to build a new state-of-the-art sawmill in Houston, as we are not confident that an investment of this magnitude can be successful at this time.” …This announcement may look somewhat like many sawmill closures from a lack of fibre in BC, but this one is much more serious. It is a message to government that BC is “uninvestable” as some analysts have stated due to policy changes that create business uncertainty.  …In terms of BC marketing, permanent mill closures and withdrawn investments are some of the worst news a lumber exporting region can deliver to world markets. …What a shame it has gone this way, and so quickly.

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