Moscow. Nov 10, 2009. /Lesprom Network/. Tolko Industries Ltd. announced that most of its operations will take a two-week shutdown during the Christmas holiday period. The curtailment is due to weak product prices, an oversupplied market, and efforts to control costs, according to a statement from the company. Included are lumber, veneer, and plywood products across the company. For most, the last day of operations will be December 18, with an anticipated restart on January 4, subject to market conditions. The scheduled shutdown will reduce lumber production by about 52.5 million board feet, and panel production by 6.4 million square feet. |
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