Canfor’s Vida Group Buys Sweden Mills
Canfor Corp. executives announced in mid June that Canfor’s 70%-owned subsidiary, Vida Group, has entered into an agreement to purchase three sawmills located in Sweden from Bergs Timber for $43 million (Can.), plus working capital. The transaction is expected to close in the third quarter of 2020.
The mills, in Vimmerby, Mörlunda and Orrefors, Sweden, add approximately 215MMBF to Vida’s annual capacity. According to a company release, after the acquisition, Sweden will represent 22% of Canfor’s global operating platforms, plus 43% in British Columbia, 31% in the Southern U.S. and 4% in Alberta.
The release added that following downtime related to the coronavirus pandemic, Vida is now operating at full capacity, and Canfor’s North America sawmills are operating at almost full capacity as of June 18, 2020.
Latest News
Freres Lumber Unveils MPP, Adding Plant In 2017
Capitalizing on the current interest in building large-scale wooden buildings and more multi-story wooden structures, longtime Oregon plywood and veneer producer Freres Lumber has introduced the “Mass Plywood Panel” (MPP), a veneer-based engineered wood product…
Tallest Timber Building In The U.S. Opens Its Doors
The seven-story T3 tower features 220,000 square feet of prefabricated CLT timber panels and nail-laminated timber cladding. It became the largest timber building in the U.S. when it opened Wednesday in Minneapolis. Designed by Vancouver-based…
New Prototype Plywood Panels May Be World’s Largest
A new massive plywood building panel developed by an Oregon company and tested at Oregon State University may be the largest such product ever manufactured. Builders are familiar with standard plywood sheets that measure 4-feet…
Find Us On Social
Newsletter
The monthly Panel World Industry Newsletter reaches over 3,000 who represent primary panel production operations.
Subscribe/Renew
Panel World is delivered six times per year to North American and international professionals, who represent primary panel production operations. Subscriptions are FREE to qualified individuals.
Advertise
Complete the online form so we can direct you to the appropriate Sales Representative. Contact us today!