Interfor Corporation
TSX : IFP

Interfor Corporation

December 10, 2015 08:00 ET

Georgetown, South Carolina Mill Update: Interfor Resumes Operations After Severe Weather Events

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 10, 2015) - INTERFOR CORPORATION ("Interfor" or the "Company") (TSX:IFP) today announced it has resumed operations at its sawmill in Georgetown, South Carolina following record rainfalls and extensive flooding in the area over the past two months.

During the height of the rainstorms from October 1-5, two feet of rain fell in Georgetown County. The subsequent flooding damaged thousands of homes and businesses and caused the closure of roads and bridges across the state. The rainfall also softened the forest ground making it difficult for logging equipment to operate.

The area near Interfor's Georgetown mill was among the hardest hit and the operations at the mill have been severely impacted. During October and November, the mill ran a total of 11 days. While it started back up on November 30, the ability to maintain operations is dependent on log supply.

A Company-wide campaign in partnership with the American Red Cross raised $47,766 to assist the employees whose homes were damaged or destroyed.

"I am deeply appreciative of the commitment of our employees whose personal lives were impacted along with their jobs," said Joe Rodgers, Interfor's Senior Vice President, US South Operations. "We are doing everything possible to support our employees and the local communities through this challenging time."

FORWARD-LOOKING STATEMENTS

This release contains statements that are forward-looking in nature, including, but not limited to, a statement about ongoing operations. Such statements involve known and unknown risks and uncertainties that may cause Interfor's actual results to be different from those expressed or implied by those forward-looking statements. Such risks and uncertainties include, among others: availability and cost of log supply; natural or man-made disasters; and other factors referenced herein and in Interfor's current Annual Report and Management's Discussion & Analysis, both available on www.sedar.com. The forward-looking statements contained in this release are based on Interfor's current expectations and beliefs. Readers are cautioned not to place undue reliance on forward-looking information or statements. Interfor undertakes no obligation to update such forward-looking information or statements, except where required by law.

ABOUT INTERFOR

Interfor is a growth-oriented lumber company with operations in Canada and the United States. The Company has annual production capacity of more than 3 billion board feet and offers one of the most diverse lines of lumber products to customers around the world. For more information about Interfor, visit the website at www.interfor.com.

Contact Information

  • Karen Brandt
    Director, Public Affairs & Corporate Communications
    Interfor
    Phone: (604) 689-6866