Canfor Corporation reported operating income of $17.6 million for the 2Q 2015, down $66.1 million compared to operating income of $83.7 million for the 1Q 2015, with the decline reflecting lower operating earnings in both the lumber and pulp and paper segments.
Commenting on the Company’s 2Q results, Canfor’s President and CEO, Don Kayne, said, “Despite challenging market-related conditions and continued log cost pressures for our Western SPF operations, we saw improvements in our overall operational performance and positive impacts from our expansion in the US South.” Kayne also noted that the Company shipped record lumber volumes to China in the quarter. Kayne added, “We continue to be pleased with the solid growth in our offshore business, particularly in higher-value grades.”
Canfor is a leading integrated forest products company based in Vancouver, British Columbia (“BC”) with interests in BC, Alberta, North and South Carolina, Alabama and Mississippi. Canfor produces primarily softwood lumber and specialized wood products.
