Canfor Announces Capital Investments in Elko Sawmill

Dec 17, 2012

Canfor Corporation (TSX:CFP) announced today that the Company will proceed with capital investments totaling an estimated $40 million in its Elko sawmill, located in the Kootenay region of British Columbia (B.C.).  This investment is part of a multi-year capital investment program aimed at enhancing productivity and cost performance across the company.

The Elko investment will include upgrades to the sawmill, increased kiln drying capacity as well as the construction of a greenfield planer mill complex.  The Elko capital project will commence in Q1 2013, with anticipated completion in Q3 2013.  

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