News archive

Tag: Canfor

Canfor Announces Additional Capacity Reductions in BC

19-07-2019
Canfor, Sawmills

Vancouver, BC, Canada – Today Canfor Corporation (TSX:CFP) announced further capacity reductions at two of its British Columbia sawmills with an indefinite curtailment at its Mackenzie sawmill and the permanent elimination of one shift at its Isle Pierre sawmill. The indefinite curtailment at Mackenzie, which is effective immediately, is …

Canfor Announces Voting Results for the Election of Directors

08-05-2019
Canfor

Canfor Corporation (TSX:CFP) announced, in accordance with Toronto Stock Exchange requirements, the voting results from its Annual General Meeting held Wednesday, May 1st, 2019 in Richmond, British Columbia. A total of 107,025,668 common shares were voted at the meeting representing 85.47 per cent of the votes attached to all outstanding shares. …

Canfor reports results for first quarter of 2019

06-05-2019
Canfor, market report

Canfor Corporation (TSX: CFP) has reported its first quarter of 2019 results: For the first quarter of 2019, the Company reported an operating loss of $69.9 million, an improvement of $9.2 million from the operating loss of $79.1 million reported for the fourth quarter of 2018. The modest increase in financial performance reflected improved …

Canfor Announces Renewal of Normal Course Issuer Bid

04-03-2019
Canfor

Canfor Corporation (“Canfor” or the “Company”) (CFP) announced today that it has received regulatory approval to renew a normal course issuer bid first launched in March, 2013. Under the new bid, the Company may purchase for cancellation up to 6,260,970 common shares of the Company (the “Shares”) or …

Canfor closes VIDA Group of Sweden Acquisition

02-03-2019
Canfor, VIDA

Canfor Corporation (TSX:CFP), further to the Company’s news release dated November 15, 2018, announces that it has completed the purchase of 70 per cent of the Vida Group (“VIDA") of Sweden for a purchase price of 3,990 million Swedish Krona (approximately CAD$580 million). “We are excited to welcome the VIDA team to Canfor and …

Canfor reports 2018 third quarter results

07-11-2018
Canfor, 2018, third quarter results

The Company reported operating income of CA$201.8 million (US$153.52 million) for the third quarter of 2018, down CA$80.3 million (US$61.1 million) from reported operating income of CA$282.1 million (US$214.6 million) for the second quarter of 2018. Reported results for the third quarter of 2018 included a net duty expense of CA$42.6 million …

NA’s 13 biggest lumber companies increase production by 2.3% to 34.2 billion board feet in 2017

27-04-2018
North America, Canada, lumber, production, Canfor, Interfor, Tolko, West Fraser

The annual Wood Markets’ “Billion Board Foot Club” list of top global lumber companies showed further gains in production by 10 of the 13 companies making the list in 2017 (as compared to 2016 output). Three companies recorded output declines despite robust U.S. and export market demand (due to timber supply issues in the B.C. …

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