Canfor closes Northwood Pulp Mill
Analysis based on 21 articles · First reported Jul 14, 2026 · Last updated Jul 16, 2026
The closure of Northwood Pulp Mill reduces Canfor's pulp production capacity and signals ongoing weakness in the global pulp market, potentially affecting Canfor's stock price and the broader Canadian forestry sector. The oversupply and price pressure from increased Chinese domestic production may continue to challenge other North American pulp producers.
On July 14, 2026, Canfor Corporation announced the permanent closure of its Northwood pulp mill in Canada — Prince George, British Columbia, resulting in the loss of approximately 300 jobs and an annual reduction of about 300,000 tonnes of Northern Bleached Softwood Kraft (NBSK) production. The company cited a structural shift in global pulp markets, oversupply from new capacity, downward price pressure, and persistent challenges accessing fibre, leading to prolonged unsustainable financial losses. The mill is expected to close in late Q4 2026 following an orderly wind-down. Canfor stated it will provide severance and explore redeployment opportunities for affected employees. The closure has drawn reactions from local officials and industry representatives, highlighting the ongoing challenges in British Columbia's forestry sector, which has seen over 15,000 job losses since 2022 and 21 lumber mill closures since 2023.
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