Vancouver's Canfor Corp. (TSX:CFP) is cutting pulp production at its Taylor pulp mill in northern B.C. due to falling demand and prices in Asia over the past four weeks.
The one-week shutdown will cut approximately 5,000 tonnes of production beginning November 10. Production at the mill is expected to resume November 18.
The Taylor pulp mill produces over 200,000 tonnes per year of softwood and aspen pulp.
Canfor's share price range during the past week: between $6.30 and $6.87; 52-week high: $11.10; 52-week low: $5.59.