Search Results for: canfor corporation

Canfor Corporation reported net income of $66.1 million, or $0.50 per share, for the 1Q 2017, compared net income of $38 million, or $0.29 per share, for the 4Q 2016 and a net income of $26 million, or $0.20 per share, for the 1Q 2016. The Company’s adjusted net income for the 1Q 2017 was[…]

Canfor Corporation has successfully completed the acquisition of a lumber manufacturing facility in Union County, Arkansas, from Arkansas Resolute El Dorado Inc. This strategic move, initially announced on May 1, 2024, aims to enhance Canfor’s regional operations by integrating the newly acquired facility, now renamed the Iron Mountain sawmill, with its existing El Dorado Laminating[…]

Canfor Corporation (TSX:CFP) is announcing reduced operating schedules effective September 12, 2022 at its Swedish facilities due to a decrease in market demand. The reduced operating schedules will result in a 15% decrease in production capacity and are anticipated to be in effect through the fourth quarter. “Rising inflation and mortgage rates in Europe, which[…]

Canfor Corporation (TSX:CFP) has announced it will invest approximately $130 million USD to significantly upgrade and expand its sawmill and planer facility located in Urbana in Union County, Arkansas. The investment will capitalize on the abundant supply of high-quality fiber to enhance the manufacturing of high-value products, increase annual production at the facility by 115[…]

Canfor Corporation (TSX:CFP) announces bold ambition to become a leader in sustainability, a vision that includes commitments to sustainable forestry, a stronger focus on safety, health, wellness, inclusion and diversity amongst their employees, and strengthening partnerships with Indigenous communities. Canfor is also announcing its positive final investment decision in support of the construction of the[…]

Canfor Corporation (TSX:CFP) is announcing changes to the senior leadership team. Pat Elliott has been appointed to the role of Chief Financial Officer (CFO) for Canfor and Canfor Pulp and will also retain his responsibilities as Senior Vice President, Sustainability. Alan Nicholl has been appointed to the role of Executive Vice President, Bio-Based Solutions &[…]

Canfor Corporation (TSX:CFP) is excited to announce it will invest approximately $160 million USD to build a new, state-of-the-art sawmill near DeRidder, Louisiana. The Company is pleased to be receiving significant state and local incentives in support of the project. The facility will have an annual production capacity of 250 million board feet on a[…]

Canfor Corporation (TSX:CFP) announced today that its 70%-owned subsidiary, Vida Group, has entered into an agreement to purchase three sawmills located in Sweden from Bergs Timber for a purchase price of CAD$43 million plus working capital. “We are excited that Vida’s strong performance and balance sheet has enabled them to grow their operating footprint in[…]

Canfor Corporation, further to its announcement on November 9, 2018, completed the purchase of Elliott Sawmilling Company Inc. on May 31, 2020. Elliott adds over 210 million board feet of production capacity. Canfor is a leading integrated forest products company based in Vancouver, British Columbia (“BC”) with interests in BC, Alberta, North and South Carolina, Alabama,[…]

Canfor Corporation is undertaking additional temporary reductions in production capacity due to the impact of COVID-19 on the price of lumber and demand. The following changes to Canfor’s operating schedule are in addition to the capacity reductions announced on March 26. Effective April 13, Canadian lumber production will be curtailed by approximately 100 million board feet[…]