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PRESS RELEASE
For immediate release: May 14, 2007
Tolko takes market downtime
Vernon B.C. - Today Tolko Industries Ltd. announced it will take
market-related downtime at its Quest Wood Division in Quesnel, B.C. and Lakeview
and Creekside Divisions in Williams Lake, B.C. In addition, the company’s Nicola
Valley Division in Merritt, B.C. will move from a three-shift to a two-shift operation
until market fundamentals improve.
“The decline in U.S. housing starts, which has resulted in depressed commodity
pricing, coupled with a strengthening Canadian dollar and high transportation costs
have forced us to make these difficult decisions,” says Mike Harkies, Vice President
& General Manager, Solid Wood and Kraft Papers. “We will review these decisions
and the operating status of our other divisions on a weekly basis.”
These curtailments represent 38 million board feet of dimension lumber production.
The shift reduction at the Nicola Valley sawmill will take effect May 22 and will
affect 25 employees.
The Quest Wood Division’s two-week shut down will run May 22 – June 4, inclusive.
The Lakeview Division shut down will occur May 28 – June 1, inclusive, and the
Creekside Division shut down will take place May 22 – 28, inclusive.
For further information, please contact:
Mike Harkies,
Vice President & General Manager, Solid Wood & Kraft Papers
Tolko Industries Ltd.
P: 250-549-5344 |
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