News &
Press Releases

  • Canfor Corporation and Canfor Pulp Products Inc. Announce First Quarter Results Conference Call

    Apr 10, 2014
    Canfor Corporation (CFP:TSX) and Canfor Pulp Products Inc. (CFX:TSX) will hold a joint conference call on Thursday, May 1, 2014 at 8:00 AM PDT to discuss their respective first quarter 2014 financial and operating results
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  • Canfor Recommends Shareholders Reject TRC Capital’s "Mini-Tender" Offer

    Apr 09, 2014
    Canfor Corporation (“Canfor”) (TSX: CFP) has been notified of an unsolicited mini-tender offer made by TRC Capital Corporation (“TRC Capital”) to purchase up to 3,000,000 of Canfor’s outstanding Common Shares (“Shares”), or approximately 2.14% of the Shares, at a price of $24.95 per Share. Canfor cautions shareholders that the mini-tender offer has been made at a price below market, representing a discount of 4.41% to the $26.10 closing price of the Shares on the Toronto Stock Exchange on March 31, 2014, the last trading day before the mini-tender offer was commenced.
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  • Canfor Announces Renewal of Normal Course Issuer Bid

    Mar 03, 2014
    Canfor Corporation (CFP) announced today that it has received regulatory approval to renew a normal course issuer bid first launched in March, 2013. Under the new bid, the Company may purchase for cancellation up to 6,995,228 Common Shares or approximately 5% of the 139,904,563 Shares outstanding as of February 28, 2014, at prevailing market prices, in accordance with the rules of The Toronto Stock Exchange. The Company repurchased a total of 2,847,838 Shares for cancellation between March 5, 2013 and March 4, 2014 under its prior bid, at a volume weighted average price of $21.05 per Share. The renewed normal course issuer bid will commence on March 5, 2014 and continue until March 4, 2015, unless completed or terminated earlier. Canfor believes the normal course issuer bid is in the best interests of the Company and its shareholders. Purchases of Common Shares made under the bid will be effected through the facilities of the TSX, the Alpha Exchange and through one or more Canadian alternative trading systems.
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  • Canfor sells Quebec Mill

    Feb 28, 2014
    Canfor Corporation (TSX:CFP) announced today that it has entered into a letter of intent with Groupe Lebel Inc. to sell the Daaquam sawmill located in Saint-Just-de-Bretenières, Quebec. The transaction is expected to close at the end of March, 2014 and is subject to customary closing conditions, including the execution of a formal agreement. The Daaquam mill produced 120 million board feet of lumber in 2013.
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  • Canfor Reports Results for Fourth Quarter of 2013

    Feb 05, 2014
    Canfor Corporation (TSX: CFP) today reported net income attributable to shareholders (“shareholder net income”) of $28.0 million, or $0.20 per share, for the fourth quarter of 2013, compared to $28.4 million, or $0.20 per share, for the third quarter of 2013 and $21.3 million, or $0.15 per share, for the fourth quarter of 2012. For the year ended December 31, 2013, the Company’s shareholder net income was $228.6 million, or $1.61 per share, compared to $26.4 million, or $0.18 per share, reported for 2012.
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  • Canfor Corporation and Canfor Pulp Products Inc. Announce Fourth Quarter Results Conference Call

    Jan 15, 2014
    Canfor Corporation (CFP:TSX) and Canfor Pulp Products Inc. (CFX:TSX) will hold a joint conference call on Thursday, February 6, 2014 at 8:00 AM PST to discuss their respective fourth quarter 2013 financial and operating results.
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  • Canfor Announces Capital Investments in Houston Sawmill

    Dec 02, 2013
    Canfor Corporation (TSX:CFP) announced today that, subject to ratification of the tentative labour agreement between the Company and the United Steelworkers, the Company will proceed with capital investments totaling approximately $36 million to improve efficiency and recovery in its Houston, British Columbia sawmill.
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  • Canfor Corporation Announces a 50/50 Joint Venture with Tangshan Caofeidian Wood Industry Co. Ltd.

    Nov 26, 2013
    Canfor Corporation (TSX: CFP) announces that it has agreed to form a 50/50 joint venture with Tangshan Caofeidian Wood Industry Co. Ltd of China (TCW) to review the potential construction of a secondary manufacturing facility to be located at the deep water Caofeidian Port Tangshan City, Hebei Province, China. The parties will develop a business plan over the next several months to determine the capital necessary to construct the plant. Canfor will enter into a supply agreement with the joint venture.
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  • Canfor Pulp and UPM Enter Into Pulp Sales Cooperation

    Nov 07, 2013
    Canfor Pulp Products Inc. (TSX: CFX) and UPM-Kymmene Corporation (NASDAQ: OMX) have today agreed on a strategic sales and marketing cooperation. Beginning January 1, 2014, Canfor Pulp’s sales network will represent and co-market UPM Pulp products in North America and Japan whereas UPM’s Pulp sales network will represent and co-market Canfor Pulp products in Europe and China. In the initial phase, the cooperation agreement will consist of six grades of market pulp and approximately one million tonnes of pulp sales from eight mills on three continents.
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  • Canfor Reports Results for Third Quarter of 2013

    Oct 30, 2013
    Canfor Corporation (TSX:CFP) today reported net income attributable to shareholders ("shareholder net income") of $28.4 million, or $0.20 per share, for the third quarter of 2013, compared to $110.3 million, or $0.77 per share, for the second quarter of 2013 and $20.5 million, or $0.14 per share, for the third quarter of 2012. For the nine months ended September 30, 2013, the Company's shareholder net income was $200.6 million, or $1.41 per share, compared to $5.1 million, or $0.03 per share, reported for the comparable period of 2012.
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