Canfor to Build New State-of-the-Art B.C Facility

SEATTLE (Scrap Monster): Canfor Corporation (TSX:CFP) is pleased to announce that it will be investing approximately $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.

Don Kayne, President and CEO made the following statement today:

“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.

 Courtesy: www.canfor.com