Canfor To Build Greenfield Facility In Alabama
Canfor Corp. has announced it will invest approximately $210 million USD to build a new, state-of-the-art sawmill complex in Mobile, Ala. Using leading technology from The BID Group, the new sawmill will have an annual production capacity of 250MMBF on a two-shift basis and will provide a new, modern work environment for the approximately 130 people who will be employed directly, in addition to supporting significant indirect jobs.
In alignment with Canfor’s sustainability goals and decarbonization targets, the facility design includes investment in a biomass-fueled lumber drying system. Startup of the facility is anticipated in the third quarter of 2024.
“We greatly value our employees and are committed to providing family-supporting jobs and generating economic activity in the region. We are pleased to be transforming the workplace for our employees by providing a new, modern facility that will continue to operate for generations,” comments Tony Sheffield, President, Canfor Southern Pine.
Alabama Governor Kay Ivey adds, “Mobile—and all of Alabama—has been proud to be the host of Canfor’s U.S. headquarters, and we look forward to seeing their continued, nation-wide success after this highly-anticipated and much-needed facility growth.”
The new facility will replace the existing operation in the City of Mobile. Following the construction and startup of the new facility, an orderly wind down of the Mobile operation will be undertaken. All current employees will have the opportunity to remain with the company, Canfor says.
Latest News
Lumber ‘Supercycle’ Could Spell Opportunity
Investors should always be on the lookout for a long-term financial trend, take a position early, and then ride it for all it’s worth. Such an opportunity could now be emerging in lumber, a long depressed commodity that could be on the cusp of better things. RBC...
Blue Wolf Capital Acquires Florida’s Suwannee Lumber Co.
Blue Wolf Capital Acquires Florida’s Suwannee Lumber Co.Blue Wolf Capital Partners LLC, the New York-based private equity firm, today announced that Blue Wolf Capital Fund III, L.P., through an affiliate, has acquired substantially all of the assets of Suwannee Lumber...
Interfor Completes Acquisition Of Keadle Lumber
Interfor Completes Acquisition Of Keadle LumberInternational Forest Products Limited (Interfor) recently announced it has completed the acquisition of the sawmill operations from Keadle Lumber Enterprises, Inc. of Thomaston, Georgia. The Keadle mill currently operates...
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.