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
First CLT Office Opens In DC
Opened in fall 2022, the first mass timber commercial building in the U.S. capital city features more than 108,000 sq. ft. of mass timber. The building is an innovative retrofit at 80 M Street SE…
SFPA Elects 2022-23 Officers
The Southern Forest Products Assn. (SFPA) elected its new officers during the board of directors session at the association’s annual meeting October 21, 2022, in Nashville. The 2022-23 SFPA officers are Chairman of the Board,…
Weyco, Union Reach Contract Agreement
In late October, after a 48-day strike, Weyerhaeuser reported the successful resolution of a work stoppage involving members of the International Assn. of Machinists and Aerospace Workers union in Oregon and Washington. Weyerhaeuser has approximately…
WWPA Opens 2023 Master Lumberman Nominations
WWPA is now seeking nominations from member companies for the 2023 Master Lumberman honors. The awards will be presented at the Association’s Annual Meeting, April 17, 2023, at the Embassy Suites PDX-Portland Airport Hotel. Master…
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.