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Tag: Canfor

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. …