Canfor to invest $36 million in Houston sawmill
"Our newly-strengthened fibre position in the Houston region allows us to proceed with this significant investment," said Canfor Corporation President and CEO Don Kayne. "These capital improvements are designed to ensure we are able to operate a world-class facility in Houston for the long term, in all market conditions."
Canfor Corporation recently announced a fibre exchange agreement with West Fraser Mills Ltd. which, when concluded, will see the Company add approximately 324,500 cubic metres of replaceable forest licence allowable annual cut in the Morice Timber Supply Area. Since 2010, the Company has invested more than $650 million in modernizing its British Columbia lumber, pulp and paper mills.
Canfor is a leading integrated forest products company based in Vancouver, British Columbia (BC) with operations in BC, Alberta, Quebec, North and South Carolina and Alabama. Canfor produces primarily softwood lumber, and also produces bleached chemi-thermo-mechanical pulp and specialized wood products.