Canfor Pulp released its 2024 third quarter results.
The update overview showed a $209 million operating loss in the company’s third quarter.
This includes a $211 million asset write down and impairment charge in the pulp segment resulting from further deterioration in economic fibre availability following recent sawmill closure announcements in BC’s Interior.
After consideration into one-time items, the third quarter operating income of $2 million compared to similarly adjusted operating loss of $6 million in quarter two.
NBSK pulp unit sales realizations saw improvements from steady North American pulp pricing for most of the the quarter and favourable timing lag in shipments, even with low demand in China, and an increase in pulp producer inventory levels.
Canfor noted an orderly wind down of one production line at Northwood NBSK pulp mill completed in August.
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