[VERNON, BC] June 21, 2011—Tolko Industries Ltd. announced today that due to continuing poor market conditions, it will temporarily curtail panel production. White Valley Division’s veneer operation at Lumby, BC, and Armstrong Division’s plywood operation will shut the weeks of July 4 and July 11 with restart scheduled for July 18. Heffley Creek Division, near Kamloops, BC, will curtail one shift of plywood production during the same period.
The markets will be reviewed at the end of the scheduled downtimes to determine if extensions are required. The curtailment will affect approximately 260 employees and reduce Tolko’s plywood production by at least 10.4 million square feet.
“With Canada being the main market for our plywood products, this sector has been particularly impacted by the unusually cold, wet spring, and the related low construction activity,” said Larry Broadfoot, General Manager, Lumber & Plywood Sales.
Tolko Industries Ltd. is a private, Canadian-owned forest products company based in Vernon, British Columbia with approximately 3200 employees. Tolko is a major producer and marketer of lumber, veneer, plywood, oriented strand board, and kraft papers, with manufacturing operations across Western Canada. The Company’s Woodlands operations have received third-party certification of their sustainable forest management systems.
Contact
Sheri Greeno Tolko Industries Ltd. Communications Advisor
250.549.5341 sheri.greeno@tolko.com
