450-employee plywood mill in Richmond BC producing since 1956. 10–12% of output goes to US buyers — their highest-value product. With margins of only 5–10% the company cannot absorb or pass on a 50% tariff. CFO Bhavjit Thandi quoted in Vancouver Sun Jul 2026.
Details
language:
EN
impact_summary:
450-employee plywood mill in Richmond BC producing since 1956. 10–12% of output goes to US buyers — their highest-value product. With margins of only 5–10% the company cannot absorb or pass on a 50% tariff. CFO Bhavjit Thandi quoted in Vancouver Sun Jul 2026.
tariff_rate_pct:
50
us_revenue_exposure_pct:
10–12% (highest-value product)
