Listen Live

HomeNewsCreston NewsInterfor reports 3rd quarter loss

Interfor reports 3rd quarter loss

Interfor, the company that owns mills in Grand Forks and Castlegar, recorded a net loss of $6 million in the third quarter.

That’s compared to a net loss of over $20 million in the second quarter.

Interfor generated $430 million in sales between July and September.

One aspect that affected their bottom line was a $4 million loss related to the Castlegar sawmill.

Production was curtailed for seven weeks during the final stages of equipment installation under the mill’s $50 million modernization project.

- Advertisment -
- Advertisment -
- Advertisement -

Continue Reading