EL DORADO, Ark. – Conifex Timber, one of British Columbia’s biggest forest products companies, announced that it’s curtailing all operations at its El Dorado, Arkansas sawmill. 92 employees will be laid off. The shut down will reduce Conifex’s U.S. South lumber production by around 21 million board feet through 2019. The company will phase the curtailment over 60 days. “We regret this difficult decision; however, lumber prices are simply too modest to justify continued operations at a site that requires further capital expenditures to realize its potential as an efficient, modern mill,” said Ken Shields, Chair and CEO. “While our wish is to restart the mill as soon we can, our immediate priorities are to identity the scope of a Phase two capital investment to help better inform a re-start date.” Six El Dorado workers will be retained to maintain the mill’s equipment in case of a restart. In June, Conifex lowered operations at the mill down to a single shift because of poor m...
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