CANADIAN PLYWOOD MILLS
North Central Plywoods
Tackama
Mill Manager
Scott Barry

TEL: (250) 233-6800
FAX: (250) 233-6809
Email:scott.barry@canfor.com

Mill Address:
RR# 1, Fort Nelson
V0C 1R0

Plywood Sales

Sales Office:
CANFOR Wood Products Marketing
100-1700 West 75th Ave.
Vancouver, B.C.
V6P 6G2

 
Kevin Pankratz

TEL: (604) 264-6023
FAX: (604) 264-6044
Email: kevin.pankratz@canfor.com

 

Maria Pemberton

TEL: (604) 264-6017
FAX: (604) 264-6044
Email: maria.pemberton@canfor.com


Website

www.canfor.com

Mill Number: BC 084

CANFOR Tackama Division

Oct 08, 2008 18:32 ET
Canfor Announces the Indefinite Closure of Its Tackama Plywood Operation

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 8, 2008) - Canfor Corporation (TSX:CFP) announced today that due to the continued poor demand and low prices for plywood across North America, it will be closing indefinitely its Tackama plywood plant in Fort Nelson, British Columbia, once the existing log and veneer inventories are depleted. This is expected to occur by the end of October. Approximately 290 employees will be impacted by this closure. The plant has an annual capacity of 220 million square feet (3/8" basis) of plywood.

The current market conditions and future outlook for plywood prices are not encouraging, with no evidence of a turnaround in the near future and consequently Canfor must curtail production to address the reduced market demand.

"This difficult decision is in no way a reflection on the good efforts and performance of our employees at the Tackama site who have continued to make operational and cost improvements throughout these unprecedented and challenging market conditions and we would like to thank them for their efforts," said Jim Shepard, Canfor's President and CEO.

Forward Looking Statements

Certain statements in this press release constitute "forward-looking statements" which involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. Words such as "expects", "anticipates", "intends", "plans", "will", "believes", "seeks", "estimates", "should", "may", "could", and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are based on management's current expectations and beliefs, and actual events or results may differ materially. There are many factors that could cause such actual events or results expressed or implied by such forward-looking statements to differ materially from any future results expressed or implied by such statements. Forward-looking statements are based on current expectations, and the Company assumes no obligation to update such information to reflect later events or developments, except as required by law.

Canfor is a leading integrated forest products company based in Vancouver, British Columbia (BC) with interests in BC, Alberta, Quebec, Washington state, and North and South Carolina. The company is the largest producer of softwood lumber in British Columbia while also producing oriented strand board (OSB), plywood, remanufactured lumber products and specialized wood products. Canfor also owns a 50.2% interest in Canfor Pulp Limited Partnership, which is one of the largest producers of northern softwood kraft pulp in Canada and a leading producer of high performance kraft paper. Canfor shares are traded on the Toronto Stock Exchange under the symbol CFP.

For more information, please contact
Canfor Corporation - Investor Contact
Patrick Elliott
Treasurer
(604) 661-5441
Email: Patrick.Elliott@canfor.com

or

Canfor Corporation - Media Contact
Mark Feldinger
Vice President, Wood Products Manufacturing
(250) 962-3390
Email: Mark.Feldinger@canfor.com
Website: www.canfor.com


 

Plywood Grades
GRADES
(CSA, PS1-07, JAS, DIN,CE)
SPECIES
(CSP, ASP,
Group 1,3)
PANEL SIZES
REPAIRS
Thickness Width/Length

INDUSTRIAL
1 SIDE &
2 SIDES

SPRUCE
PINE
ASPEN

7.5 mm
to 25.5 mm
(5/16" to 1")
Standard:
1220 x 2440 mm
(4' x 8')
Custom sizes available on request.
Wood Patch Repair

SELECT

Synthetic Patch Material

SHEATHING

Plywood Products
NAME SPECIFICATIONS TYPICAL APPLICATIONS COMMENTS
CANPLY Patented
EASY T&G
(Floor)
  • 15.5 to 28.5 mm
  • CSP or ASP
  • Select or Sheathing Grade
Subfloor, combined subfloor and underlayment Brochures and samples available.
CANPLY Patented
EASY T&G
(Roof)
  • 12.5 mm
  • CSP or ASP
  • Sheathing
Roof or wall sheathing No H-clips are required when using as roof sheathing. Brochures and samples available.
INDUSTRIAL
1 SIDE &
2 SIDES )
  • 11 to 24 mm
  • ASP
  • Sanded
Industrial and retail sectors, Do-it-yourselfers Sanded Industrial Grade products

PS1-07
  • 19/32" Underlayment (CSP)

  • 23/32" Underlayment
    (CSP)
Floor underlayment Certified PS1-07 for use in U.S.

Tackama Plywood specializes in producing high quality Select and JAS grades for both offshore and domestic markets. Tackama also takes pride in its service record for "On Time Shipments and Customer Follow-up"!