Canfor Corporation Announces Sawmill Downtime

VANCOUVER, BRITISH COLUMBIA -- Canfor Corporation (TSX: CFP) announced today that it will be taking downtime at five of its sawmill operations in B.C. The curtailments are to address the continued poor market conditions. These curtailments represent approximately 70 million board feet of lumber production.

Curtailments will commence at Canfor’s Vavenby mill from March 19th to March 25th. Canfor’s Mackenzie mill will take an additional two weeks of downtime beginning March 26th and will continue in its 4-day operating format upon start up.

Canfor’s Chetwynd, Plateau and Rustad sawmills will take curtailments commencing March 19th for one week, March 26th for two weeks and April 2nd for two weeks respectively. However, planer operations will continue throughout the downtime.

Forward-Looking Statements

Certain statements in this press release constitute “forward-looking statements” which involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. Words such as “expects”, “anticipates”, “intends”, “plans”, “will”, “believes”, “seeks”, “estimates”, “should”, “may”, “could”, and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are based on management’s current expectations and beliefs and actual events or results may differ materially. There are many factors that could cause such actual events or results expressed or implied by such forward-looking statements to differ materially from any future results expressed or implied by such statements. Forward-looking statements are based on current expectations and the Company assumes no obligation to update such information to reflect later events or developments, except as required by law.

Canfor is a leading integrated forest products company based in Vancouver, British Columbia (BC) with interests in 33 facilities in BC, Alberta, Quebec, Washington state, and North and South Carolina. The company is the largest producer of softwood lumber in Canada while also producing oriented strand board (OSB), plywood, remanufactured lumber products and specialized wood products. Canfor also owns a 50.2% interest in Canfor Pulp Limited Partnership, which is one of the largest producers of northern softwood kraft pulp in Canada and a leading producer of high performance kraft paper. Canfor shares are traded on the Toronto Stock Exchange (TSX: CFP).