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Conifex implements 2-shift schedule to streamline BC sawmill operations
Posted on January 6, 2025 |
Conifex revised its credit agreement with PenderFund Capital Management Ltd.
The loan amount increased to $41 million, with $5 million available immediately and $11 million dependent on financial checks.
The loan retains its 5-year term and original interest rate.
The funds will support ongoing business operations, removing the need for a separate working capital facility.
Conifex will operate its BC sawmill in two shifts to align with improving market conditions.
This decision follows an 18% rise in Spruce Pine Fir lumber prices in Q4 2024, compared to Q3 2024.