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B.C.’s big 3 lumber giants still making good profits
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B.C.’s big 3 lumber giants still making good profits

B.C.’s big three forestry giants had lumber and other wood product sales of $6.5 billion in the second quarter of 2022, and net income of $1.4 billion, according to second quarter financials. While second quarter earnings were down compared to Q1, due to lower lumber prices, demand and prices for lumber were still strong in...

Canfor to invest US$210 million to build a new sawmill in southern Alabama
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Canfor to invest US$210 million to build a new sawmill in southern Alabama

Canfor Corporation will invest approximately US$210 million to build a new, state-of-the-art sawmill complex in southern Alabama, company announced. Using leading technology, the new sawmill will have an annual production capacity of 250 million board feet on a twoshift basis and will provide a new, modern work environment for the approximately 130 people who will be...

Canfor and Canfor Pulp release sustainability report with climate change, air quality, water and waste management targets
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Canfor and Canfor Pulp release sustainability report with climate change, air quality, water and waste management targets

Canfor Corporation and Canfor Pulp Products Inc. have jointly announced the release of the 2021 Sustainability Report which includes additional performance targets for climate change, water management, waste management, and air quality. This is a continuation of their bold ambition to become an industry leader in sustainability and furthers their commitments to sustainable forestry; safety,...

Canfor invests $25 million to modernize its Estil facility in South Carolina
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Canfor invests $25 million to modernize its Estil facility in South Carolina

Canfor Southern Pine (Canfor) is investing $25 million to modernize its Hampton County facility in South Carolina, as South Carolina Governor Henry McMaster and the S.C. Department of Commerce today announced. Canfor’s investment is modernizing the facility with cutting-edge technology and equipment to position the company to meet growing global demand for its wood products. The upgrades...