Canfor Puts ‘Stock’ In New BC Facility
Vancouver, BC-based Canfor Corp. is investing $200 million to build a new state-of-the-art manufacturing facility in Houston, British Columbia, which will have an annual production capacity of 350MMBF.
“I’m very pleased to be making this announcement in British Columbia, where Canfor has been proudly headquartered for 85 years,” comments Don Kayne, President and CEO. “This decision comes following a comprehensive evaluation of customer requirements and a careful evaluation of the availability of economic fiber in the region to support a successful investment. We believe we have the plan, the people and the know-how to build a best-in-class facility that showcases BC workers, suppliers and technology.”
Work will begin immediately on detailed project engineering and permitting requirements. Vendor and equipment selection will be finalized in early 2024 with demolition and site preparation scheduled for the spring. Planning, construction and commissioning of the new facility is expected to take between 28 and 32 months depending on contractor availability and equipment lead times.
Bruce Ralston, Minister of Forests, adds, “For generations communities throughout BC have benefited from good, family-supporting jobs provided by forestry. This announcement demonstrates that this continues, and ensures that long-term jobs will remain in the region. It also encourages young people in BC to see the opportunities available to them in this vitally important industry. Forestry is and will remain a foundation of the BC economy, and our government is committed to ensuring that forestry remains a strong and sustainable industry in BC.”
Canfor operates 55 facilities across its diversified wood products manufacturing platform in Canada, the United States and Europe. The company has a 70% stake in Vida AB, Sweden’s largest privately owned sawmill company and also owns a 54.8% interest in Canfor Pulp Products Inc.
Latest News
Biewer Lumber Locating New $85 Million Sawmill In Mississippi
Biewer Lumber Locating New $85 Million Sawmill In MississippiOfficials from Biewer Lumber announce the company is locating a state-of-the-art sawmill in Newton, Miss. The project represents a corporate investment of $85 million and will create 125 jobs. Construction...
Pardee Resources Sells West Virginia Sawmill To Hamer Company
Pardee Resources has sold a sawmill in West Virginia to the Jim C. Hamer Company. Philadelphia-based Pardee announced the recent closure of the sale on Wednesday in a news release. Terms of the deal weren't disclosed. The company says Hamer also will have timber...
U.S. Construction Spending Rises Solidly To Near 8-Year High
U.S. construction spending rose more than expected in October as outlays rose across the board, suggesting the economy remains on firmer ground despite some slowing in consumer spending and persistent weakness in manufacturing. Construction spending increased 1.0...
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.