Oct 04, 2010. /Lesprom Network/. Canfor Corporation has completed the sale of all its operating assets to Howe Sound Pulp and Paper Corporation (HSPP), a newly formed subsidiary of Paper Excellence B.V, company said in a statement received by Lesprom Network. The principal asset of HSPP was a pulp and paper facility at Port Mellon, BC, Canada, capable of producing 400,000 tonnes of NBSK pulp and 230,000 tonnes of mechanical paper. HSPP is equally owned by Canfor and Oji Paper Co., Ltd. of Japan. Canfor produces primarily softwood lumber and also produces oriented strand board (OSB), remanufactured lumber products and specialized wood products. Canfor also owns a 50.2% interest in Canfor Pulp Limited Partnership, which is one of the largest producers of northern softwood kraft pulp in Canada and a leading producer of high performance kraft paper.