Canfor Pulp Products (TSE:CFX) has released an update.
Canfor Pulp Products Inc. faced a challenging 2023, ending the year with a significant operating loss of $127.5 million and a net loss of $96.1 million, attributed to tough global pulp market conditions and persistent fibre supply issues in British Columbia. The company also closed its Prince George NBSK pulp line, reducing its market kraft pulp production by 280,000 tonnes annually, while reporting a slight improvement in the fourth quarter due to a moderate increase in pulp demand.
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