Interfor Corporation, one of the largest lumber producers in the world, is the latest company to announce plans to reduce its lumber production output in the first quarter of 2023.
Interfor announced plans to reduce its lumber production output in the first quarter of 2023 by at least 100 million board feet, or 8 per cent of quarterly capacity, as economic conditions and market uncertainty continue to impact lumber demand.
This temporary reduction in output is expected to be mostly concentrated outside of Interfor’s U.S. South operating region.
The Company currently expects to resume its normal operating schedule in April 2023, but will closely monitor market conditions and adjust its production plans accordingly.
Interfor’s sawmilling operations have a combined manufacturing capacity of more than three billion board feet of lumber with sales to North America, Asia-Pacific and Europe.
Interfor is based in Vancouver, B.C. and employs approximately 3,400 people.
