TSX:CFPForestry
Canfor Mill Closures In Sweden Put Fibre Risks And Valuation In Focus
Canfor (TSX:CFP) majority-owned subsidiary Vida AB is permanently closing sawmills in Urshult and Orrefors in Sweden.
The closures are being carried out in response to fibre supply challenges in the region.
Production from the affected sites is expected to be concentrated in Vida's remaining Swedish operations.
For you as an investor, this move highlights how exposed TSX:CFP is to fibre availability in its European operations. Canfor is a global forest products company, and decisions like...