Canfor Corporation (TSX:CFP) is excited to announce it will invest approximately $160 million USD to build a new, state-of-the-art sawmill near DeRidder, Louisiana. The Company is pleased to be receiving significant state and local incentives in support of the project. The facility will have an annual production capacity of 250 million board feet on a two-shift basis and will directly employ about 130 people plus create significant additional indirect jobs.
The Louisiana facility will have manufacturing capacity and flexibility to produce a wide variety of high-value wood products for our customers. Startup is expected to commence late in the third quarter of 2022.
Click to download the full release »