Canfor Corporation is closing its pulp mill in Prince George, British Columbia, resulting in the loss of hundreds of jobs. The closure represents a significant impact on the regional economy and workforce.
According to the company, the decision stems from ongoing challenges facing the global pulp and paper industry. Canfor cited increased production capacity worldwide as a key factor, which has created downward pressure on prices and made operations less viable.
The mill closure underscores broader difficulties in the forest products sector, as global supply exceeds demand and market conditions remain constrained. The job losses will affect the Prince George community, which has historically relied on forestry and pulp production as major economic drivers.
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