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Net loss for Interfor

Interfor is reporting a net loss of more than $20 million in the second quarter.

The company owns sawmills in Grand Forks and Castlegar.

It says export duties and falling lumber prices contributed to its loss.

It also pointed to a 13-day shutdown in Castlegar as part of a $50 million modernization.

However Interfor says the project is on time and on budget and should be finished by the end of the year.

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