Friday, June 27, 2025
Canfor Corporation declared its intention to shut down the Estill and Darlington sawmills in South Carolina permanently, with effect from August 2025. Following a protracted period of consistently poor market conditions and significant financial losses, these closures indicate that it is no longer feasible to continue operating these facilities.
“We understand the significant impact this difficult decision will have on our employees,” noted Lee Goodloe, President, Canfor Southern Pine. He further commented, “This outcome is in no way a reflection of the dedication and hard work of our teams. We are committed to supporting our employees through this transition, including providing severance payments and exploring opportunities for redeployment within our other operations where possible.” The closures will impact about 290 workers and lower Canfor’s yearly capacity to produce 350 million board feet of lumber in the United States.
Statements that gaze ahead
This news contains some “forward-looking statements” that include known and unknown risks, uncertainties, and other elements that could materially alter actual results from any performance, accomplishments, or future results that are stated or implied by such statements. Such forward-looking statements are meant to be identified by terms like “expects,” “anticipates,” “projects,” “intends,” “plans,” “will,” “believes,” “seeks,” “estimates,” “should,” “may,” “could,” and variants of these words and related terminology. These claims may differ significantly from actual events or outcomes, which are predicated on management’s existing expectations and assumptions. Such actual events or results that are expressed or indicated by such forward-looking statements may differ materially from any future results that are expressed or implied by such statements for a variety of reasons. Except as required by law, Canfor assumes no responsibility to update forward-looking statements to reflect subsequent events or developments. These statements are based on current expectations.
About Canfor
Canfor is a world leader in the production of high-value, low-carbon forest products, such as wood pellets, pulp and paper, engineered wood products, dimension and specialty lumber, and renewable energy. Across its diverse operating platform in Canada, the US, and Europe, Canfor, which has its proud headquarters in Vancouver, British Columbia, manufactures renewable products from sustainably managed forests at more than 50 facilities. The corporation owns a 54.8% interest in Canfor Pulp Products Inc. and a 77% investment in Vida AB, the biggest privately held sawmill company in Sweden. Under the ticker symbol CFP, Canfor shares are listed on the Toronto Stock Exchange.
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