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Manila Times Business

Canfor announces closure of Northwood Pulp Mill

VANCOUVER, British Columbia, July 14, 2026 (GLOBE NEWSWIRE) -- Canfor Corporation (TSX:CFP) today announced the permanent closure of its Northwood pulp mill in Prince George, British Columbia. This closure results in an annual reduction of about 300,000 tonnes of Northern Bleached Softwood Kraft (NBSK) from Northwood. Approximately 300 employees in Prince George are directly impacted. The pulp and paper sector continues to face significant challenges, including a structural shift in global pulp

Context & Analysis

The pulp and paper industry has been navigating a prolonged demand reset, driven by declining print media consumption and shifting packaging preferences toward lightweight and recycled materials. When a major North American producer exits the market, the ripple effects travel quickly through global supply chains. For Philippine manufacturers, this matters because the country relies heavily on imported pulp and paper products to feed its packaging, printing, and consumer goods sectors. Any contraction in overseas supply tightens the available pool, which typically translates into higher landed costs for local buyers.

Filipino businesses should monitor how quickly alternative suppliers step in to fill the gap. Southeast Asian producers, along with exporters from Brazil and Scandinavia, often adjust their allocation when capacity disappears elsewhere. If the market cannot rebalance fast enough, Philippine importers will face tighter negotiation leverage and potentially higher invoice prices. That pressure eventually filters down to packaging costs for food and beverage companies, printing firms, and retailers, adding another variable to an already volatile input cost environment.

From a macro perspective, this development reinforces why the Bangko Sentral ng Pilipinas and the Department of Trade and Industry closely track imported inflation. Pulp and paper are not headline commodities like oil or rice, but they sit at the base of consumer goods pricing. When input costs rise, companies either absorb the hit, pass it to buyers, or renegotiate supplier contracts. Listed firms with heavy exposure to packaging and paper consumption will need to disclose how supply shifts affect their operating margins during quarterly earnings calls.

Investors and business owners should watch global pulp benchmark prices, Philippine import volume reports from the Philippine Statistics Authority, and any DTI monitoring notices on packaging materials. Supply chain diversification remains the most practical hedge. Companies that have already secured multi-region supplier agreements or invested in recycled fiber processing will be better insulated. The closure is a reminder that local manufacturing resilience depends less on controlling overseas capacity and more on building flexible procurement strategies and forward-looking inventory management.

Analysis by IJE Software — original commentary on the story above.

This is an excerpt. Read the full article at the original source:

Source: manilatimes.net

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