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British Columbia Lumber Companies Affected by Covid-19

Three of British Columbia’s largest forest products companies announced changes in production for at least the next week due to market volatility resulting from the Covid-19 pandemic. Interfor announced a 60% reduction in lumber capacity production and $140 million in cuts to capital expenditures through 2021. West Fraser planned to reduce lumber, panel and pulp and paper production until at least April 6th, with $75 million in capital expenditure cuts for 2020. Western Forest Products announced a halt to all manufacturing for the next week. See Canadian Forest Industries

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