Canfor Corporation is restructuring its British Columbia (B.C.) operations by permanently closing its Chetwynd sawmill and pellet plant and temporarily closing its Houston sawmill for an extended period to facilitate a major redevelopment on the site. Both facilities will be closed following an orderly wind-down of operations that is expected to conclude early in Q2 2023 and will remove approximately 750 million board feet of annual production capacity.
The Company intends to build a new, modern, globally competitive manufacturing facility that employs state-of-the-art technology to produce high-value products from the sustainable timber supply in the region. Project planning, scoping, preliminary engineering, and budgeting are underway. The Company will undertake a comprehensive evaluation of the availability of economic fiber and a thorough project financial analysis, supporting a final investment decision by the end of Q2 2023.
Canfor is a global leader in the manufacturing of high-value low-carbon forest products including dimension and specialty lumber, engineered wood products, pulp and paper, wood pellets, and green energy.