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
Daniels, Pannell Join Potlatch
PotlatchDeltic Corp. has announced that Ryan Daniels and Bobby Pannell have joined the Wood Products division, with Daniels serving as Director of Operations, responsible for leading the manufacturing teams at the six lumber facilities and the St. Maries plywood mill, and Pannell serving as Director of Engineering, responsible for leading the engineering, reliability, and continuous improvement team for the division…
Labor Department Slaps Sawmill Operator
U.S. Dept. of Labor obtained a federal consent order and judgment against a Northern sawmill operator following the death of a child due to an “industrial accident.” The order requires the company to place labels and signage to prevent children under age 18 from using dangerous equipment and entering the company’s sawmill and planer buildings…
U.S. Housing Starts Show Significant Jump In September
U.S. housing starts increased 7% in September from August, coming in at a seasonally adjusted rate of 1.358 million, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly new residential construction report. Single-family starts were at a rate of 963,000, up 3.2%, and multi-family starts were 383,000, up 17%…
BE&E Purchases Conveying, Fabrication From BID
BID Group and Biomass Engineering & Equipment (BE&E) announced a strategic supply and outsourcing partnership, in which BE&E will acquire the Vibrapro brand and manufacturing operations located in Boise, Id., and the BID Group fabrication plant in Greenville, Ky. BE&E, based in Indianapolis, Ind., is a rapidly growing engineering services and machinery manufacturer specializing in bulk materials handling for multiple industries across the globe…
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.