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Canfor Resumes Sawmill Operations at Vavenby in British Columbia

Vancouver, British Columbia, Canada, 06 September 2011 -- Canfor is pleased to announce the successful restart of the corporation’s Vavenby sawmill. The 06 September 2011 restart follows a CAD 24 million capital investment that included a new canter line, a new grade optimizer in the planer, and an upgraded planer feed system. At full production, Vavenby will add 240 million board feet of SPF to company capacity on an annual basis.

“Our committed, exceptional workforce in Vavenby, the company’s capital investment program, and the excellent work that government has done to partner with industry in developing new markets for our products has allowed us to restart this facility” said Don Kayne, Canfor CEO.

“It was exciting to see the restart of this sawmill, which will create 96 jobs at the mill by the end of September and a further 30 jobs in logging and trucking,” said Terry Lake, British Columbia’s Minister of Environment. “The significance in a community the size of Vavenby–Clearwater can’t be overstated, and emphasizes the continuing importance of the work to develop new markets for forest products.”

Canfor is a leading integrated forest products company based in Vancouver, British Columbia, with operations in BC, Alberta, British Columbia, and Quebec in Canada, and in North Carolina, South Carolina, and Washington in the United States. The company produces primarily softwood lumber and also produces oriented strand board (OSB), remanufactured lumber product, bleached chemithermomechanical pulp and specialized wood products. Canfor also owns a 50.2% interest in Canfor Pulp Limited Partnership, which is one of the largest producers of northern softwood kraft pulp in Canada and a leading producer of high performance kraft paper. Canfor shares are traded on the Toronto Stock Exchange under the symbol CFP.


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