Canfor’s Vida Group Buys Sweden Mills

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548381510056-0'); });

Canfor Corp. executives announced in mid June that Canfor’s 70%-owned subsidiary, Vida Group, has entered into an agreement to purchase three sawmills located in Sweden from Bergs Timber for $43 million (Can.), plus working capital. The transaction is expected to close in the third quarter of 2020.

The mills, in Vimmerby, Mörlunda and Orrefors, Sweden, add approximately 215MMBF to Vida’s annual capacity. According to a company release, after the acquisition, Sweden will represent 22% of Canfor’s global operating platforms, plus 43% in British Columbia, 31% in the Southern U.S. and 4% in Alberta.

The release added that following downtime related to the coronavirus pandemic, Vida is now operating at full capacity, and Canfor’s North America sawmills are operating at almost full capacity as of June 18, 2020.

Latest News

Margin of Error Is Pollster’s Safe Haven

Story by Rich Donnell, Editor-in-Chief I am sure you’ll notice in this issue our extensive coverage of our annual Sawmill Capital Expenditure Survey. The articles run from page 8 to page 34, so basically that…

Sawdust Samples Sent To U.S. To Help Determine Cause Of B.C. Mill Explosions

WorkSafeBC officials say they are still trying to determine the cause of fatal blast that leveled the Burns Lake sawmill in January, including what role sawdust may have had in the explosion that killed two…

Everett Pulp Mill To Be Demolished

Kimberly-Clark said Thursday it plans to demolish its closed pulp-and-paper mill on Everett’s waterfront and sell the 66-acre property. The company laid off 760 employees before shutting down the roughly 80-year-old plant earlier this month.…

« Older Entries

Next Entries »

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548381237439-0'); });

Find Us On Social

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548380448760-0'); });

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548380578329-0'); });

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548380709898-0'); });

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548380656716-0'); });

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548380767732-0'); });

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548380810300-0'); });

Newsletter

The monthly Timber Processing Industry Newsletter reaches over 4,000 mill owners and supervisors.

Subscribe Now

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.

Complete the form

Advertise

Complete the online form so we can direct you to the appropriate Sales Representative.

Contact Us