18:41:25 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Interfor Corp
Symbol IFP
Shares Issued 70,038,162
Close 2018-05-22 C$ 25.91
Market Cap C$ 1,814,688,777
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Interfor resumes Grand Forks sawmill operations

2018-05-22 19:29 ET - News Release

Mr. Andrew Horahan reports

INTERFOR RESUMES OPERATIONS AT GRAND FORKS SAWMILL

Interfor Corp. has resumed operations at its sawmill in Grand Forks, B.C., following severe flooding in the area over the past two weeks.

The sawmill was temporarily curtailed on May 10, 2018, as a precautionary measure due to the escalating flooding in the region. Even though the sawmill was not operating during this time, a series of measures were taken by mill personnel to protect the operation against potential damage. Fortunately, such actions limited the risk to the mill's infrastructure and equipment and has allowed the mill to resume operations now that the water level has receded. There are continuing issues in the region related to rail line damage, and the company will be working with its carriers and customers to manage through the related logistics issues.

"I am deeply appreciative of the commitment of our employees whose personal lives were impacted over these past two weeks," said Andrew Horahan, Interfor's vice-president, western operations. "We are also thankful to the City of Grand Forks for their ongoing support."

About Interfor Corp.

Interfor is a growth-oriented lumber company with operations in Canada and the United States. The company has annual production capacity of approximately 3.1 billion board feet and offers one of the most diverse lines of lumber products to customers around the world.

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