TOLKO NEWS

Tolko’s BC Operations to take holiday downtime

Vernon, B.C. — Following a thorough examination of all contributing factors including log costs, market conditions, and cumulative policy burden, Tolko announced today that its BC Operations will be taking two weeks’ downtime from December 21 – January 6 during the holiday season. The last day of production will be December 20. In addition, Tolko’s Vernon Office will be closed the week of December 23 – 27. Staffing levels at all BC Operations will be restricted to essential services during this period.

Vice President, Solid Wood, Troy Connolly says this downtime is a result of low prices and high log costs in BC.

“This downtime will reduce output by approximately 21 Mmfbm of lumber production and 10 mmsft of panel production”, says Connolly.

Pino Pucci, Vice President, Tolko Marketing and Sales continued to assure customers that Tolko’s Marketing and Sales team “will continue to support our customers and do our best to minimize any impacts. Our customers are understanding of current market conditions and aware of our ongoing commitment to serve them.”

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About Tolko:

Tolko is a leading manufacturer of a wide range of forest products for customers around the world, including lumber, plywood, veneer, oriented strand board, co-products, biomass power, and a growing number of specialty wood products. For more than 60 years, our family-owned company has delivered reliability, flexibility, efficiency, and quality. We hold third-party certification on the forestlands we sustainably manage in British Columbia, Alberta, and Saskatchewan, and we play an active role in the communities where our employees live and work.

For more information, contact:

Chris Downey, Communications Advisor
Tolko Industries Ltd.
T: (250) 550-2512 | M: (250) 306-0929