Canfor to close two South Carolina sawmills, cut 290 jobs amid weak market

June 26 (Reuters) - Forestry company Canfor CFP.TO said on Thursday it will permanently close its Estill and Darlington sawmills in South Carolina by August 2025, cutting about 290 jobs.

The closures will also reduce its U.S. lumber production by 350 million board feet annually.

Canfor, one of Canada's forest product companies, has faced pressure from soft lumber prices, weaker U.S. housing starts and inflation-driven operating costs.

The company said the closures follow "an extended period of persistently weak market conditions and sustained financial losses, which have made continued operations at these facilities no longer viable."