Pandemic impacting forestry companies
Forestry companies have had to make adjustments during the COVID-19 pandemic.
Norbord says in a release that as of Monday, it will be reducing production at all of its Oriented Strand Board plants across North America as demand has dropped during the pandemic.
The company is also reducing shifts and running some mills on alternating schedules, moves that are expected to result in a 25 per cent production cut at first. Norbord is also putting off what it calls non-critical capital projects and reducing its capital budget by $25-million to $75-million.
This is also being done to comply with government restrictions.