Displaying items by tag: canfor

Canfor Corporation (TSX:CFP) have announced that the Company will proceed with capital investments totaling approximately $30 million to improve infrastructure productivity and cost performance at its Polar sawmill in the community of Bear Lake, British Columbia.

The project will include upgrades to log processing, lumber handling and residual systems, as well as replacing electrical components and the sawmill building structure. The capital improvement scope includes design and technologies to enhance the mitigation of combustible dust.

“Canfor continues to be proactive in investing in our mills to ensure we have competitive facilities that can operate in all market conditions,” said Canfor Corporation President and CEO Don Kayne.

Work related to these capital projects will commence in May 2014.

Canfor is a leading integrated forest products company based in Vancouver, British Columbia (BC) with operations in BC, Alberta, North and South Carolina and Alabama. Canfor pro duces primarily softwood lumber, and also produces bleached chemi-thermo-mechanical pulp and specialized wood products. Canfor also owns a 50.4% interest in Canfor Pulp Products Inc., which is one of the largest producers
of northern softwood kraft pulp in Canada and a leading producer of high performance kraft paper. Canfor shares are traded on the Toronto Stock Exchange under the symbol CFP.