Friday, November 15, 2019 2:15 pm
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BRITISH COLUMBIA (From news reports) -- Tolko Industries says it will be shutting down operations across B.C. for two weeks over the holiday season due to low lumber prices and high log costs.
The Vernon firm made the decision to take the downtime from Dec. 21 to Jan. 6 after looking at log costs, market conditions and "cumulative policy burden," it said in a news release on Thursday. The last day of production will be Dec. 20, 2019. As well, the firm's office in Vernon will be closed from Dec. 23-27.
The company also has divisions in Kamloops, Williams Lake, Armstrong, Coldstream, Lumby and Richmond.
"Staffing levels at all B.C. operations will be restricted to essential services during this period," the firm said.
The downtime is due to low lumber prices and high log costs in B.C., Troy Connolly, vice-president for solid wood, said in a news release. He said it will reduce output by approximately 21 million board feet of lumber production and 10 million square feet of panel production.
Pino Pucci, vice-president for marketing and sales, said the firm would do its best to minimize impacts on customers.
"Our customers are understanding of current market conditions and aware of our ongoing commitment to serve them," Pucci said.
The Vernon firm made the decision to take the downtime from Dec. 21 to Jan. 6 after looking at log costs, market conditions and "cumulative policy burden," it said in a news release on Thursday. The last day of production will be Dec. 20, 2019. As well, the firm's office in Vernon will be closed from Dec. 23-27.
The company also has divisions in Kamloops, Williams Lake, Armstrong, Coldstream, Lumby and Richmond.
"Staffing levels at all B.C. operations will be restricted to essential services during this period," the firm said.
The downtime is due to low lumber prices and high log costs in B.C., Troy Connolly, vice-president for solid wood, said in a news release. He said it will reduce output by approximately 21 million board feet of lumber production and 10 million square feet of panel production.
Pino Pucci, vice-president for marketing and sales, said the firm would do its best to minimize impacts on customers.
"Our customers are understanding of current market conditions and aware of our ongoing commitment to serve them," Pucci said.
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