Companies in the timber industry / Daily News / Global Trends / Forestry / Lumber / Sawmilling / Global / North America
June 4, 2019
Canfor to permanently close Vavenby sawmill; sells cutting rights to Interfor
Canadian Canfor Corporation announced today it will be closing its Vavenby sawmill in British Columbia this July following an orderly wind down. Canfor has reached an agreement to sell the forest tenure associated with the Vavenby sawmill to Interfor for a price of $60 million. The sale of the forest tenure is subject to customary closing conditions including the consent of the Minister of Forests. Closing is expected to occur in the third quarter of 2019. “Due to the current and long-term log supply constraints we face in the Vavenby region ...
Register for unlimited access
We work hard to bring you the latest news in the world of international wood industry. The article you are currently reading is available only to registered users.
By registering you gain access to:
- Thousands of quality articles
- In-depth analyses of market trends
- Exclusive market price insights
- And much more!