Canfor Corporation announced that it will be investing approximately Can$200 million to build a new state-of-the-art manufacturing facility in Houston, British Columbia. This low cost, high efficiency facility will have an annual production capacity of approximately 350 million board feet. Source: Timberbiz
“I’m very pleased to be making this announcement in British Columbia, where Canfor has been proudly headquartered for 85 years. This project represents another significant investment by our Company to strengthen our diversified operating platform and ensure that we can continue to deliver the high-value products that are in demand by our customers around the globe,” Don Kayne, President and CEO said in a statement.
This decision comes following a comprehensive evaluation of customer requirements and a careful evaluation of the availability of economic fibre in the region to support a successful investment. We believe we have the plan, the people and the know-how to build a best-in-class facility that showcases BC workers, suppliers and technology.
The company said the announcement underscores the ongoing commitment to British Columbia and the Houston community and it will strengthen its ability to provide our high-quality, sustainably produced forest products to the world, while providing good, family-supporting jobs.
Work will begin immediately on detailed project engineering and permitting requirements. Vendor and equipment selection will be finalized in early 2024 with demolition and site preparation scheduled for the northern spring. Planning, construction, and commissioning of the new facility is expected to take between 28 and 32 months depending on contractor availability and equipment lead times.
