Canfor Announces $200 Million Investment to Build New Houston, BC, Facility

Canfor Corporation on Thursday (9-14-23) announced that it will be investing approximately $200 million (CAD) to build a new state-of-the-art manufacturing facility in Houston, British Columbia. The new low cost, high efficiency facility will have an annual production capacity of approximately 350 million board feet.

“This decision comes following a comprehensive evaluation of customer requirements and a careful evaluation of the availability of economic fiber in the region to support a successful investment,” said Don Kayne, president and CEO of Canfor. “We believe we have the plan, the people and the know-how to build a best-in-class facility that showcases BC workers, suppliers and technology.”

According to the statement, work will begin immediately, vendors and equipment selection will be finalized in early 2024, and demolition and site preparation are scheduled for the spring of 2024. “Planning, construction, and commissioning of the new facility is expected to take between 28 and 32 months depending on contractor availability and equipment lead times,” Kayne said.