Canfor Announces Non-Cash Asset Write Down, Impairment Charge
Canfor Corp. has announced that it will record a non-cash asset write down and impairment charge totaling approximately $321 million in its fourth quarter of 2025 results. Of this amount, $215 million relates to the company’s lumber segment and $106 million relates to its pulp and paper segment.
In the lumber segment, the impairment is associated with the company’s European operations and reflects ongoing log supply pressures in the region, which have resulted in significant increases in log costs and reduced asset carrying values.
In the pulp segment, the impairment reflects sustained declines in global US-dollar pulp list prices as well as continued challenges in securing economically viable fibre necessary to support operations.
This impairment charge is non-cash in nature and does not affect Canfor’s liquidity position, cash flows or day-to-day operations.
Latest News
Brunette Machinery Acquires Salem Machinery
Brunette Machinery Co. Inc. announced its asset purchase of Salem Equipment Inc., a longtime leading U.S. manufacturer of sawmill machinery. According to Brunette Machinery, the acquisition strengthens the company’s North American growth strategy and reinforces…
Hampton Lumber Breaks Ground On South Carolina Sawmill
In early November Hampton Lumber officials welcomed South Carolina Governor Henry McMaster and other dignitaries for a groundbreaking ceremony at Hampton’s new sawmill in Allendale County, SC. “We appreciate the warm welcome and the opportunity…
West Fraser To Idle Mills In Georgia, British Columbia
West Fraser Timber Co. Ltd. announced in early November it will permanently close both its Augusta, Ga. and 100 Mile House, British Columbia sawmills by the end of 2025 following an orderly wind-down. The decision…
Oregon State To Host Lumber Drying Workshop
Oregon State University in Corvallis will host “How to Dry Lumber for Quality and Profit” on December 16-18, 2025. This is the 76th annual offering of such a workshop for kiln operators, supervisors, and other…
Find Us On Social
Newsletter
The monthly Timber Processing Industry Newsletter reaches over 4,000 mill owners and supervisors.
Subscribe/Renew
Timber Processing is delivered 10 times per year to subscribers who represent sawmill ownership, management and supervisory personnel and corporate executives. Subscriptions are FREE to qualified individuals.
Advertise
Complete the online form so we can direct you to the appropriate Sales Representative.