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
B.C.’s High-Tech Sawmills Help Manage Post-Beetle Supply Drop
B.C.’s Interior forestry industry is counting on cutting-edge sawmill technologies to soften the blow of the heavily reduced annual allowable cut anticipated in the wake of the mountain pine beetle infestation. “The worst-case scenario is that the [annual allowable...
Canfor Reaches Agreement To Buy Three Mills In U.S. South
Canfor Reaches Agreement To Buy Three Mills In U.S. SouthCanfor Corp. announced it has reached an agreement to purchase three sawmills in the southern U.S., marking the third major purchase in the region this year by a B.C. forest company. "Basically, we have a...
To Sell, Or Not To Sell, That Is The Question
Story by Rich Donnell, Editor-in-Chief Am I going to wake up one morning and find that the Southern independent lumberman is extinct? Surely he’s already on the EPA endangered species list, or at least the EPA threatened species list. Do I exaggerate? In reality,...
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.