â–ş Listen Live
â–ş Listen Live

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.

Continue Reading

chnv Now playing play

ckkc Now playing play

- Advertisement -

Related Articles

- Advertisement -

Latest News

More than 12,500 public service workers taking job action as BCGEU ramps up strike

The B.C. General Employees Union is again ramping up job action, amid what it says is now the longest public service strike in the province's history.

RCMP and CFIA convoy locks down ostrich farm, owners arrested

The owners of Universal Ostrich farm in Edgewood, BC were removed from the property and arrested by RCMP Tuesday afternoon.

B.C. mayors say they need more help with burdens of housing, street disorder

Street disorder, addictions and homelessness are a major topic as local government leaders and other officials gathered for the annual Union of B.C. Municipalities convention.

Elenore Sturko booted from Conservative caucus after Rustad survives leadership review

Surrey-Cloverdale MLA Elenore Sturko will sit as an Independent after leader John Rustad kicked her out of the Conservative caucus. 

John Rustad survives B.C. Conservative leadership review

John Rustad has survived a leadership review by the B.C. Conservatives. 
- Advertisement -