2008-07-31

No NCP ? Blame the Beetle

Canfor V.P of Marketing, Mark Feldinger says the mountain pine beetle had an impact on the decision not to rebuild North Central Plywood. “Dead dried mountain pine beetle logs cannot be used for plywood once it has checked (cracked), and there has been a reduced supply of Douglas fir.”

During the conference call this morning to discuss the second quarter results, Canfor executives would not say how much it might have cost to rebuild the mill, saying it was a moot point given the fibre supply.

Feldinger says there has been no decision at this point on what Canfor plans to do with the site, “The site is a leased site. We will be exploring our options over the next number of months.”