Canfor Pulp Products (TSE:CFX) has released an update.
Canfor Pulp Products Inc. faced a challenging 2023, reporting a $96 million net loss and operational restructuring due to persistent fibre shortages in British Columbia. Despite a slight uplift in the global pulp market by year-end, the company closed a pulp line and reduced its annual market kraft pulp production by approximately 280,000 tonnes. The fourth quarter of 2023 showed a smaller operating loss than the previous quarter, signaling a modest improvement in performance.
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