Canfor’s closure of Northwood pulp mill tightens North American softwood pulp supply, pressing upward pressure on prices
Executive summary: Canfor announced the permanent closure of its Northwood pulp mill in Prince George, British Columbia, effective immediately. The mill contributed a notable share of Canfor’s softwood pulp capacity; its shutdown tightens regional supply and may push pulp prices upward, affecting downstream paper producers.
Who is involved: Canfor Corporation (TSX:CFP), its workforce at the Northwood mill, local government of Prince George, BC, and participants in the North American softwood pulp market.
Likely next: Canfor will assess asset redeployment options, provide worker severance or retraining, and monitor market reaction; industry players may see increased utilization at remaining mills.
On July 14, 2026, Canfor Corporation announced the permanent shutdown of its Northwood pulp mill in Prince George, British Columbia. The facility, a significant source of the company’s softwood pulp output, ceased operations immediately, impacting its workforce and local community. Analysts expect the removal of this capacity to reduce regional pulp availability, which could lead to higher pulp prices in the near term while Canfor evaluates future uses for the site and support measures for affected employees.
Timeline
- — Canfor announces closure of Northwood Pulp Mill (GlobeNewswire)
Sources
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