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Press Releases

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

    Jul 02, 2014
    Canfor Corporation (TSX:CFP) and Canfor Pulp Products Inc. (TSX:CFX) will hold a joint conference call on Friday, July 25, 2014 at 8:00 AM PDT to discuss their respective second quarter 2014 financial and operating results.
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  • Canfor Announces Capital Investment at Polar Sawmill

    Apr 30, 2014
    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.
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  • Canfor Reports Results for First Quarter of 2014

    Apr 29, 2014
    Canfor Corporation (TSX:CFP) today reported net income attributable to shareholders ("shareholder net income") of $45.5 million, or $0.33 per share, for the first quarter of 2014, compared to $28.0 million, or $0.20 per share, for the fourth quarter of 2013 and $61.9 million, or $0.43 per share, for the first quarter of 2013.
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  • 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.
    Full story
  • 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.
    Full story
  • 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.
    Full story
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