Pope & Talbot Announces Temporary Shutdown of Two Lumber Mills

  
    
  
  
    
      Pope & Talbot, Inc (NYSE:POP) today announced a two week shutdown for 
      saw mills located in Grand Forks, B.C. and Castlegar, B.C. The mills, 
      producers of high-quality softwood lumber products, will be shut down 
      beginning August 20th through September 3rd 
      to reduce finished goods inventories.
    
    
      Pope and Talbot CEO Harold Stanton said the move was necessary due to 
      the falling prices of softwood lumber products brought on by the 
      downturn in the US housing market. “The poor 
      softwood lumber market has led to a situation where it is not profitable 
      for us to run at normal capacity,” said 
      Stanton. “Moving forward, we will continue to 
      make adjustments as the market dictates.”
    
    
      Pope & Talbot is a pulp and wood products business. The Company is based 
      in Portland, Oregon and trades on the New York Stock Exchange under the 
      symbol POP. Pope & Talbot was founded in 1849 and produces market pulp 
      and softwood lumber at mills in the US and Canada. Markets for the 
      Company’s products include the US, Europe, 
      Canada, South America and the Pacific Rim. For more information, please 
      check our website and www.poptal.com.