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PRESS RELEASE
For immediate release: September 17, 2007
Tolko announces additional sawmill shifting curtailments
Vernon, BC - Today Tolko Industries Ltd. announced its Kelowna Division will take downtime from October 9 to 19 and its Lavington Division will reduce its sawmill operation by one shift between October 1 and 12.
These curtailments follow a number of rotating curtailments undertaken by several of Tolko’s BC operations this summer.
“The continued decline in U.S. housing starts, high transportation costs, the rising Canadian dollar, and the resulting drop in lumber prices requires us to take these extra measures to control our costs,” says Jim Baskerville, Regional Manager, Okanagan Operations. “We will continue to monitor all our operations for economic viability.”
About 50 employees will be affected by the two-week curtailment of the Kelowna sawmill.
The one-shift curtailment at Tolko’s Lavington Division, located near Vernon, B.C., will affect approximately 20 employees.
For further information, please contact:
Jim Baskerville
Regional Manager, Okanagan Operations
Tolko Industries Ltd. P: 250-546-2212 |
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