Canfor to Invest $40 Million in Kootney, B.C. Sawmill Operations

Canfor Corp., Vancouver, B.C., Canada, this week announced that it will proceed with capital improvement projects totaling some $40 million at its sawmill facilities in the Kootenay region of British Columbia. These investments represent the first major component of a multi-year capital investment program aimed at enhancing productivity and cost performance in the company's Southern Interior mill facilities.

The announced investments are focused on the Radium Sawmill in the community of Hot Springs, B.C. Approximately $38.5 million will be invested in a new planer facility, the installation of a biomass energy system, and modifications to the existing sawmill. The balance will be invested at the company's Canal Flats sawmill to improve drying capacity.

The Radium mill project will begin this month, with startup expected in the fourth quarter.

TAPPI
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