Tolko Announces Downtime at Four Facilities

Tolko Industries BB #:258179 announced that its Armstrong lumber, Armstrong plywood, and White Valley veneer operations will take downtime from August 17 to September 2, 2019. Heffley Creek plywood and veneer operation will also take downtime from August 24 to September 2, 2019.

“The high cost of logs and weak markets are impacting our operating footprint in British Columbia,” says Vice President of Solid Wood, Troy Connolly. “Although we prefer to keep these locations in constant operation, we must manage the business responsibly and ensure we are sustainable for the future.”

Connolly says employees were informed of the decision earlier today and their managers are available to assist them with any questions they may have.

“This downtime will affect over 700 of our employees in these operations. We do not make these decisions without a lot of consideration,” says Connolly. “We have great people working at these locations, and this is in no way a reflection on them or their commitment. However, we continue to experience challenging industry conditions in British Columbia.”

Pino Pucci, Vice President, Tolko Marketing and Sales, assured customers that Tolko’s Marketing and Sales team “will continue to support our customers and do our best to minimize any impacts. Our customers are understanding of current market conditions and aware of our ongoing commitment to serve them.”

Contact:

Janice Lockyer – Communications Advisor – Janice.Lockyer@tolko.com – (250) 550-2598

Source: Tolko Industries Ltd.