Great Pacific Capital already owns a roughly 51% interest in the forest products company.
Closed its Chasm, BC, lumber mill and eliminated the third production shift at its 100 Mile House, BC, operations.
More than 700 workers will be affected by the curtailments Aug. 17 to Sept. 2 at the Armstrong and Lumby plants.
CItes timber supply constraints owing to pine beetles, wildfires and pricing.
Will reduce production output by approximately 100 million board feet spread across its BC mills.
Ramp up despite shipping costs that are roughly 50% higher than from American points in the south.
Company requires a 15% cut in lumber production for the quarter.
Vancouver-based company said the scale-back is a temporary measure.
US demand for lumber has pushed up prices for Canadian products; US home builders are bearing the costs of softwood tariffs.
Deliveries from National Steel Car are expected to begin in September.
An alternative to coal in power plants of Europe and Asia, promises carbon neutrality.
Predictions of widespread job loss and mill closures haven’t materialized.
One will cover the Canadian dispute, the other US use of differential pricing in its anti-dumping determinations.
Total Canadian shipments in the first three months were down 17.4%.
US housing starts beat expectations, repair and remodelling markets to remain robust.