Press release from Marketwire
Canfor Pulp Limited Partnership Delays Start-Up of Northwood Mill
Thursday, September 29, 2011
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 29, 2011) - Canfor Pulp Products Inc. ("CPPI") (TSX:CFX), which owns 49.8% of Canfor Pulp Limited Partnership ("CPLP"), today announced that the start-up of one line of its two-line Northwood Pulp Mill in Prince George, British Columbia has been delayed by two weeks to complete the recovery boiler upgrade project.
This delay will result in a reduction of pulp production in the fourth quarter of approximately 10,000 tonnes. Management is focusing on managing the associated project delays and mitigating anticipated project cost overruns.
Forward Looking Statements
Certain statements in this press release constitute "forward-looking statements" which involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. Words such as "expects", "anticipates", "intends", "plans", "will", "believes", "seeks", "estimates", "should", "may", "could" and variations of such words and similar expressions are intended to identify such forward-looking statements. The risks and uncertainties are detailed from time to time in reports filed by the Fund with the securities regulatory authorities in all of the provinces and territories of Canada to which recipients of this press release are referred to for additional information concerning the Fund and Partnership, its prospects and uncertainties relating to the Fund and Partnership and its prospects. These statements are based on management's current expectations and beliefs and actual events or results may differ materially. New risk factors may arise from time to time and it is not possible for management to predict all of those risk factors or the extent to which any factor or combination of factors may cause actual results, performance and achievements of the Fund and Partnership to be materially different from those contained in forward-looking statements. The forward-looking statements are based on current information and expectations and the Fund and Partnership assume no obligation to update such information to reflect later events or developments, except as required by law.
FOR FURTHER INFORMATION PLEASE CONTACT:
Terry Hodgins Canfor Pulp Limited Partnership Chief Financial Officer and Secretary 604-661-5421 Terry.Hodgins@canforpulp.com
Rick Remesch Canfor Pulp Limited Partnership Corporate Controller 604-661-5221 Rick.Remesch@canforpulp.com www.canforpulp.com