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
Mississippi’s Kitchens Brothers Selling Shuttered Sawmills
Mississippi’s Kitchens Brothers Selling Shuttered SawmillsEquity Partners CRB and Heritage Global Partners have been retained to sell three hardwood sawmills on behalf of Kitchens Brothers Manufacturing Company. Equity Partners is seeking bids for each mill in its...
Florida Land Is Cleared, Sold To Klausner Group
The Suwannee County Board of County Commissioners voted to deed a 155 acre property at Live Oak, Fla. for $1, with stipulations, to the Austrian company, Klausner, which plans to build a large southern pine sawmill near the interchange of US 90 West and I-10. Klausner...
Pedal To The Metal
Story by Dan Shell, Managing Editor Easing into the second half of 2013, lumber markets reflect a housing industry giving off very mixed signals. Lumber producers have enjoyed a surge in prices beginning in fall 2012 that have essentially led to a solid year of...
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.