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
Alaska Sawmill Destroyed By Fire
One of the last major Alaska sawmill operations in Wrangell has been destroyed by fire. Mike Allen Enterprizes burned to the ground in Tuesday’s mid-afternoon fire at 13 Mile Zimovia Highway. The distance as well as unreliable phone service made firefighting a...
Montana Sawmill Gets $650K Loan For New Employees, Equipment
A Montana sawmill has received $650,000 to fund new equipment and hire more employees. Pyramid Mountain Lumber Co. plans to bump production as much as 10 percent with new equipment bought with a state revolving fund loan. “We’re the third loan since all these funds...
Hankins Lumber To Restart Grenada, Mississippi Sawmill
Hankins Lumber To Restart Grenada, Mississippi SawmillOfficials from Hankins Lumber Co. announced that the company is reopening its southern yellow pine lumber facility in Grenada, Miss. following a 15 month closure due to the downturn in the economy. The project...
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.