07:04 AM EDT, 06/27/2025 (MT Newswires) -- Canfor ( CFPZF ) overnight Thursday said it is permanently closing the Estill and Darlington sawmills in South Carolina in August due to an extended period of persistently weak market conditions and sustained financial losses that have made operations no longer viable.

The company said about 290 employees will be affected by the closures, which will also reduce its U.S. lumber production capacity by 350 million board feet annually.

Shares of the company closed up 1.8% to $14.32 on Thursday on the Toronto Stock Exchange.