300 jobs lost as Canfor closes Northwood Pulp Mill in

The company says it is facing "unsustainable financial losses."

300 jobs lost as Canfor closes Northwood Pulp Mill in Prince George Company says it is facing 'unsustainable financial losses' Canfor has closed another mill in Prince George, B.C., this time impacting roughly 300 jobs. The company announced Tuesday that it will be shutting down Northwood pulp, due to what the company describes as "unsustainable financial losses." "The pulp and paper sector continues to face significant challenges, including a structural shift in global pulp markets.

Substantial additional pulp production capacity has come online globally, creating an oversupply in the market and downward pressure on global pulp prices," Canfor said in a written statement. "With no foreseeable improvement in the outlook, Canfor has made the difficult decision to close its Northwood facility." The announcement follows multiple other closures or curtailments in recent years, including in Houston, Bear Lake and at other mills in Prince George.

More to come.

Why this matters locally

This business story matters locally because it may affect readers, businesses, commuters, families, or public services in British Columbia.

Local impact

BC Post links this item to British Columbia coverage so readers can follow related city updates, weather, traffic, events, and category news in one place.

Timeline