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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.

Greg Nesteroff
Greg Nesteroff
Greg has been working in West Kootenay news media off and on since 1998. When he's not on the air, he's busy writing about local history. He'll soon publish a book about the man who founded the ghost town of Sandon.

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