Canfor to Close Vavenby Sawmill
Canfor Corporation announced it will be closing its Vavenby sawmill in British Columbia this July. Canfor has reached an agreement to sell the forest tenure associated with the Vavenby sawmill to Interfor for a price of $60 million.
“Due to the current and long-term log supply constraints we face in the Vavenby region, along with the high cost of fibre, we have made the very difficult decision to permanently close the sawmill and sell the associated forest tenure to Interfor. The ongoing depressed lumber markets have expedited this decision,” says Don Kayne, President and CEO, Canfor.
“Today’s decision is not a reflection on our employees, our contractors or the local communities of Vavenby and Clearwater who have all contributed significantly to the operation of our mill,” says Kayne. “We deeply regret the significant impact to our employees, contractors and the communities, and will be working to support them through this difficult time.”
“The BC forest industry has recognized for several years that sawmill capacity must be reduced as the annual allowable cut decreases following the end of the Mountain Pine Beetle epidemic,” says Kayne.
The Vavenby sawmill has an annual production capacity of approximately 250MMBF. Following the closure of Vavenby, Canfor will have 12 sawmills in Canada, with total annual capacity of approximately 3.55 billion BF.
RELATED ARTICLES
Canfor Plans New Sawmill In Louisiana
Canfor’s Vida Group Buys Sweden Mills
No-Go On Proposed Purchase Of Canfor
Latest News
Roseburg Names Tony Ramm Senior VP Of Manufacturing
Roseburg Names Tony Ramm Senior VP Of Manufacturing Roseburg is pleased to announce that Tony Ramm...
Georgia Ports Continues Container Expansion
Georgia Ports Continues Container Expansion Georgia Ports Authority approved contracts totaling...
Hilmer Andersson Goes With Valutec
Hilmer Andersson Goes With Valutec Swedish family-owned sawmill company Hilmer Andersson has...
Pyramid Mountain Closing Sawmill
Reports in late March indicate that Pyramid Mountain Lumber plans to close its Seeley Lake, Mont. sawmill. Pyramid announced its board of directors and shareholders unanimously voted “with the heaviest of hearts” to shut the mill and wind down operations as a result of a financial crisis that is worse than challenges the mill weathered in 2000, 2007 and 2015.
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.