by Jacqlyn Kirkland | Jul 7, 2020 | News
Canfor’s Vida Group Buys Sweden Mills
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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.
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by Web Editor | Aug 7, 2017 | News
Just off the winding Sea to Sky Highway running along the coast from Vancouver to Whistler, B.C., the unique wooden architecture of the Squamish Adventure Centre beckons tourists to stop in.
The building is almost entirely made of wood. The timber roof is shaped like two massive discs jutting out of the center of the structure almost like wings, separating the building into two sections.
The company behind the eye-catching structure is Squamish’s own FraserWood Industries. FraserWood opened its doors to Canadian Forest Industries in early April to show us how they turn cants into strong and beautiful custom timber products at their facility in Squamish, B.C.
The company has been in operation since 1998 when owner Peter Dickson purchased a radio frequency (RF) kiln from his former employer, Canfor. Today the company not only operates two RF kilns to dry massive timbers, but has expanded into custom planing and re-sawing, joinery and CNC milling and glulam.
The bulk of FraserWood’s customers are timber framers, but they also sell to building supply centers and log home builders. With a staff of more than 30 including scientists, engineers and R&D specialists, last year was the most productive in the company’s history, with more than 1.5 million bdft of high-value timber passing through the facility.
From Wood Business: https://www.woodbusiness.ca/sawmilling/mills/fraserwood-innovates-with-high-end-timber-products-4387
by Web Editor | Jul 2, 2015 | News
For the seventh time, the Schweighofer Prize, the Innovation Award for the European Forest-Based Sector, was awarded last month. Austrian forest-based industrial and initiator Gerald Schweighofer awarded the prizes in the presence of Austrian Federal Minister for Agriculture and Environment Andrä Rupprechter, Austrian Federal Minister for Labour and Social Affairs Rudolf Hundstorfer, as well as Vienna’s Mayor Michael Häupl.
This year for the first time, the Schweighofer Prize established a cooperation with one of the largest integrated forest products companies in the world; the North American company Canfor which produces timber, cellulose and paper. Canfor sponsored ten students from Canada and the USA to take part in an “Innovation Workshop” on the day before the Schweighofer Prize. According to the motto “From Knowledge to Innovation”, 27 young researchers from a total of 16 countries exchanged ideas under the leadership of Schweighofer Prize jury chairman Prof. Dr. Alfred Teischinger (University of Agricultural Science) in the domed hall of the TU Vienna.
The main prize 2015 was awarded to Dr. Erich Wiesner from Altheim, Austria. He was honored with €100,000. “Dr. Wiesner has developed his company into a leading timber Construction Company in Europe. The completed projects present impressive and technically demanding constructions. In addition to his successful entrepreneurial activities, Dr. Wiesner has acted for many years as a leading representative of woodworking industries both in Austria and on a European level”, said jury chairman Univ. Prof. Dr. Alfred Teischinger.
From FORDAQ: https://www.fordaq.com/fordaq/news/Schweighofer_prize_Vienna_innovations_42620.html
by Web Editor | Feb 27, 2015 | News
At first blush, year-end financials and stock prices for B.C.’s largest forest companies would suggest the province’s forestry sector is well on the road to recovery after a decade-long slump.
Interfor Corp., for example, posted record sales of $1.4 billion in 2014 and record production of 2.2 billion board feet. Stock values and market caps of B.C.’s three largest forestry companies – Interfor, Canfor Corp. and West Fraser Timber Co. Ltd. – have soared since the end of 2011. Canfor’s share prices have increased almost 180%, West Fraser’s more than 220% and Interfor’s a whopping 410% since the end of 2011. Based on market cap ($6 billion), West Fraser is now B.C.’s seventh-largest publicly traded company.
But that increase in production and stock value is largely attributable to recent acquisitions of sawmills in the U.S., not to a boom in their B.C. operations. In fact, Canfor and Interfor have both closed mills in B.C. in recent years. Warmer winters that led to a massive die-off of pine from the mountain pine beetle infestation are largely to blame.
B.C.’s largest forestry company, West Fraser, now owns 15 American sawmills, compared with just seven in B.C. and five in Alberta. About 36% of its shipments of lumber now come from its U.S. mills, said Rodger Hutchinson, West Fraser’s vice-president of investor relations. Interfor owns five sawmills in B.C., nine in the U.S. and will add another four U.S. mills this year. About 43% of Interfor’s current production capacity is in B.C., 57% in the U.S. Canfor owns 12 sawmills in B.C., one in Alberta and 10 in the U.S. It also owns four pulp mills in B.C., one wood bioenergy plant in Alberta and one in B.C.
From Business Vancouver: https://www.biv.com/article/2015/2/shrinking-timber-supply-sends-bc-companies-us-mill/
