Home News Industry News Florence Spurs Closures of Lumber, Paper Mills in Carolinas

Florence Spurs Closures of Lumber, Paper Mills in Carolinas

Hurricane Florence forced lumber and paper mills in the Carolinas to close temporarily as strong winds and a deluge of rain hit the coast.

Major lumber and paper mills are in the Category 2 storm's path, and producers are racing to secure equipment and sites as Florence makes landfall, said Ewell Smith, executive director of the Carolina Loggers Association. Lumber futures rebounded from a 12-month low as companies from Domtar Corp. to Canfor Corp. shut facilities that may suffer damage.

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Source: Bloomberg

 
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