Tolko Industries Ltd. announced today that following an extensive operational review of mills in the Williams Lake area, it does not foresee a reasonable opportunity to reopen its Creekside mill in Williams Lake, British Columbia
Operations at the Lakeview and Soda Creek mills will not be affected.
“The decision not to reopen the mill was not an easy one to make,” said Mike Harkies, Vice President of Solid Wood. “When we curtailed operations at the mill indefinitely in 2009, we had expected that lumber markets would rebound within a year or two. However, US housing starts are still less than half of what they were before the recession and, while demand from China has helped to keep our other mills open and US housing starts are slowly improving, lumber demand has still not recovered to a point that will enable all mills to operate viably.”
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