Canfor Plans New BC Sawmill
Canfor Corp. stated that to better align manufacturing capacity in British Columbia with the available long-term fiber supply, it is restructuring its BC operations by permanently closing its Chetwynd sawmill and pellet plant and temporarily closing its Houston sawmill for an extended period to facilitate the construction of a new manufacturing facility. Project planning, scoping, preliminary engineering and budgeting are underway.
The company will undertake a comprehensive evaluation of the availability of economic fiber and a thorough project financial analysis, supporting a final investment decision by the end of the second quarter of 2023. Both facilities will be closed following an orderly wind down of operations that is expected to conclude early in the second quarter of 2023 and will remove 750MMBF of annual production capacity.
“We are making these difficult but necessary decisions to create a more sustainable operating footprint in BC,” comments Don Kayne, president and CEO. “Our goal is to match our mill capacity with the economically available fiber for harvest to enhance our ability to compete and to operate throughout the market cycles. This is what will ultimately create greater stability for our employees and communities, while ensuring we can continue to provide the high quality, low carbon products that are in demand by our customers around the world.”
Latest News
Vermont Announces Business Loan Program
Vermont Announces Business Loan ProgramA new loan program from the Vermont Economic Development Authority (VEDA) is now available to support businesses in the state’s forest economy. Three million dollars in total financing can be provided in the form of loans up to...
Sierra Pacific Plants 300 Millionth Seedling
Sierra Pacific Plants 300 Millionth SeedlingSierra Pacific Industries reported the planting of its 300 millionth seedling on its timberlands this spring. “I wouldn’t have imagined 75 years ago when we started with no land and one very small sawmill that I would see...
Fulghum Commissions 170 ft. Crane In Arkansas
Fulghum Commissions 170 ft. Crane In ArkansasFulghum Industries, Inc. is pleased to announce the commission of the recently installed 170 ft. 45 ton log crane for the modernization project of PotlatchDeltic, Waldo, Ark. The crane will be feeding a BID Group upgraded...
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.