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300 Jobs Lost as B.C. Pulp Mill Closes
15 Jul
Summary
- Canfor's Northwood pulp mill in Prince George is closing.
- Approximately 300 jobs will be lost due to the closure.
- Company cites unsustainable financial losses and market shifts.
Canfor has closed another mill in Prince George, British Columbia, resulting in the loss of approximately 300 jobs. The company announced the shutdown of its Northwood pulp facility, citing "unsustainable financial losses" as the reason.
According to Canfor, the pulp and paper sector faces ongoing challenges. These include a global market shift with substantial new production capacity leading to oversupply and downward pressure on prices. With no expected improvement, the difficult decision to close the Northwood facility was made.
This closure follows several other mill curtailments or shutdowns in recent years within British Columbia. Affected locations include facilities in Houston, Bear Lake, and other mills in Prince George.
