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Finlay Forest Products Extends Shutdown.



VANCOUVER, British Columbia--(BUSINESS WIRE)--July 15, 1997-- Finlay Forest Industries Inc. announces an extension to the two week temporary market shutdown previously announced on June 10, 1997.

The announcement lengthens the current Site I sawmill sawmill, installation or facility in which cut logs are sawed into standard-sized boards and timbers. The saws used in such an installation are generally of three types: the circular saw, which consists of a disk with teeth around its edge; the band saw, which  shutdown by one week to July 25 and in addition, will include the Site I planermill.

Approximately 190 employees will be affected by this temporary shutdown.

These shutdowns are necessary because of higher than normal lumber inventories and the continued market deterioration, both in the U.S. and Japan.

Finlay Forest operates an integrated complex composed of two sawmills (Site I and Site II) with a combined capacity of 350,000 (M)FBM FBM Fractional Brownian Motion
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 and a papermill with a capacity of 200,000 tonnes, located in Mackenzie, B.C.

Finlay Forest Industries Inc. is jointly owned by Slocan Forest Products Ltd. (TSE See Tokyo Stock Exchange.

TSE

1. See Tokyo Stock Exchange (TSE).

2. See Toronto Stock Exchange (TSE).
:SFF (Small Form Factor) Refers to a device that is smaller than others in its field. For example, a miniature display on a cellphone is an SFF device because displays can be extremely large on monitors and TVs by comparison. See form factor. ) and Donohue Inc.

CONTACT: Finlay Forest Industries Inc.

Richard Garneau Richard Garneau, C.M., C.Q. (born 15 July 1930 in Quebec City) is a Canadian sports journalist and writer in Quebec. He is best known as the host of La Soirée du hockey, the very popular ice hockey television show in Quebec. , 604/891-3200

Mike Low, 250/997-3201
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Copyright 1997, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jul 15, 1997
Words:154
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