Interfor closes deal to allow for increased Castlegar production
By Kyra Hoggan
International Forest Products Limited, better known as Interfor, announced today it has closed its deal to purchase two timber tenures in the Kootenay Region from Springer Creek Products Limited Partnership.
“The tenure is adjacent to our existing tenure, so it’s that much more efficient for us getting fibre to our mill. It was a logical step for us,” said Interfor director of public affairs and corporate communication Karen Brandt. “That (fibre) will be destined for our Castlegar mill, which means we can increase production at our Castlegar mill and better serve our market.
The tenures have a combined allowable annual cut of approximately 174,000 cubic metres.
Brandt was unable to say if the acquisition would mean new jobs at the local mill.
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