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Sinclar Group to temporarily cut lumber operations due to weak market conditions
Posted on May 3, 2023 |
Sinclar Group Forest Products Ltd. is cutting its lumber operations at Apollo Forest Products in Fort St. James, Lakeland Mills in Prince George, and Nechako Lumber Co. in Vanderhoof, for different periods in the next few months.
Nechako Lumber Co. will cut operations from May 14 to July 29, Apollo Forest Products will cut operations from June 4 to June 30, and Lakeland Mills will cut operations from July 2 to July 29, 2023.
The high cost of fiber and poor market situations negatively affected the business and forced these curtailments.
The curtailments are critical to maintain log inventory and reduce rough lumber inventories at the 3 operations in front of the dual challenge of high fiber costs and low lumber prices.