Canfor Announces Permanent Closure Of Rustad and Tackama Mills

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548381510056-0'); });

After a lengthy indefinite shutdown that followed the collapse of the United States residential housing market in 2008, Canfor Corporation has decided to close its historic Rustad Sawmill in Prince George, B.C. and Tackama Mill in Fort Nelson, B.C.

Canfor acquired the Rustad Sawmill in 1999, and operated the facility for 10 years until slowing U.S. lumber demand forced operations to cease in 2009. To that point, the mill had been in continuous operation for 62 years. The Tackama operation in Fort Nelson was part of Canfor’s 2004 acquisition of Slocan Forest Products, and at the time was BC’s largest plywood facility.

Although the decision has been made to cease manufacturing operations at these locations, Canfor is proud to have been part of the impressive legacy both plants had in their communities. Further information will be available over the next several weeks on plans to repurpose portions of the Rustad site for trades training and education.

“Canfor remains fully committed to the BC Interior, the communities of Prince George and Fort Nelson and to our employees,” said CEO Don Kayne. Rustad and Tackama employees will receive statutory payments and severance as negotiated with the United Steelworkers.

Latest News

American Industrial Partners Acquires Potomac Supply Corporation

American Industrial Partners, a middle-market private equity firm focused on acquiring and improving North American-headquartered industrial businesses, has acquired the operating assets of Potomac Supply Corporation, a softwood mill operator and provider of wood treatment…

Lumber Futures Log An 8-Year High

Lumber futures jumped to an eight-year high, as signs of a pickup in Chinese buying added to optimism about the U.S. housing recovery that has fueled a three-month boom in the building material. Prices of…

Scotiabank Declares Lumber Its Top Investment Pick For 2013

After four years of being the forgotten commodity, lumber is back in the spotlight, named Scotiabank’s top pick for investors for the coming year. “The investment sentiment has changed,” said Patricia Mohr, vice-president of economics…

« Older Entries

Next Entries »

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548381237439-0'); });

Find Us On Social

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548380448760-0'); });

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548380578329-0'); });

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548380709898-0'); });

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548380656716-0'); });

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548380767732-0'); });

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548380810300-0'); });

Newsletter

The monthly Timber Processing Industry Newsletter reaches over 4,000 mill owners and supervisors.

Subscribe Now

Subscribe/Renew

Timber Processing is delivered 10 times per year to subscribers who represent sawmill ownership, management and supervisory personnel and corporate executives. Subscriptions are FREE to qualified individuals.

Complete the form

Advertise

Complete the online form so we can direct you to the appropriate Sales Representative.

Contact Us