Vida Purchases Swedish Sawmill
VIDA AB plans to acquire a 50MMBF sawmill from Ingarp Träskydd for 50 million SEK ($6 million CAD). The sawmill has the potential for expansion to 100MMBF. The acquisition marks a continued investment in the area around Vida’s sawmills in Hjältevad and Vimmerby.
Canfor operates more than 55 facilities across its diversified operating platform in Canada, the U.S. and Europe, including a 70% stake in Vida AB, Sweden’s largest privately owned sawmill company.
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Tolko Makes Tough Sawmill Decisions
Tolko Industries Ltd. announced the permanent closure of its Quest Wood sawmill in Quesnel, BC and a reduction from two shifts to one at its Kelowna, BC sawmill. “This is a difficult but necessary decision,” says Brad Thorlakson, President and CEO. “Quest Wood has...
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