CFP Canfor Corporation

Canfor Corporation (TSX:CFP) announced today that the Company will proceed with
capital investments totaling approximately $30 million to improve
infrastructure, productivity and cost performance at its Polar sawmill in the
community of Bear Lake, British Columbia.


The project will include upgrades to log processing, lumber handling and
residual systems, as well as replacing electrical components and the sawmill
building structure. The capital improvement scope includes design and
technologies to enhance the mitigation of combustible dust.


"Canfor continues to be proactive in investing in our mills to ensure we have
competitive facilities that can operate in all market conditions," said Canfor
Corporation President and CEO Don Kayne. 


Work related to these capital projects will commence in May 2014. 

Forward Looking Statements 

Certain statements in this press release constitute "forward-looking statements"
which involve known and unknown risks, uncertainties and other factors that may
cause actual results to be materially different from any future results,
performance or achievements expressed or implied by such statements. Words such
as "expects", "anticipates", "projects", "intends", "plans", "will", "believes",
"seeks", "estimates", "should", "may", "could", and variations of such words and
similar expressions are intended to identify such forward-looking statements.
These statements are based on management's current expectations and beliefs and
actual events or results may differ materially. There are many factors that
could cause such actual events or results expressed or implied by such
forward-looking statements to differ materially from any future results
expressed or implied by such statements. Forward-looking statements are based on
current expectations and Canfor and the Purchaser assume no obligation to update
such information to reflect later events or developments, except as required by
law. 


Canfor is a leading integrated forest products company based in Vancouver,
British Columbia (BC) with operations in BC, Alberta, North and South Carolina
and Alabama. Canfor produces primarily softwood lumber, and also produces
bleached chemi-thermo-mechanical pulp and specialized wood products. Canfor also
owns a 50.4% interest in Canfor Pulp Products Inc., which is one of the largest
producers of northern softwood kraft pulp in Canada and a leading producer of
high performance kraft paper. Canfor shares are traded on the Toronto Stock
Exchange under the symbol CFP.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Media Contact:
Corinne Stavness
Manager, Public Affairs and Corporate Communications
(604) 661-5225
Corinne.Stavness@canfor.com


Investor Contact:
Pat Elliott
Vice President and Treasurer
(604) 661-5441
Patrick.Elliott@canfor.com

Canfor (TSX:CFP)
Historical Stock Chart
From Mar 2024 to Apr 2024

Canfor (TSX:CFP)
Historical Stock Chart
From Apr 2023 to Apr 2024