Canfor closing Prince George pulp mill, hundreds of jobs lost
Canfor is closing its Northwood Pulp Mill in Prince George, resulting in the loss of 300 jobs. The company cited unsustainable financial losses due to global market pressures on commodity pricing.
Why it matters
This closure highlights the ongoing economic struggles within the forestry sector and the challenges of transitioning to higher-value manufacturing.
In another blow to B.C.’s forestry sector, Canfor announced it is shutting down a pulp mill in Prince George.
The company announced the closure of the Northwood Pulp Mill on Tuesday, saying it would result in the loss of 300 jobs.
In a statement, Canfor said the pulp and paper industry continues to face significant challenges, as more production capacity worldwide has put downward pressure on prices.
It said that it resulted in unsustainable financial losses, leading it to the difficult decision.
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