- Business
- Canfor Corporation (TSX: CFP) is a leading integrated forest products company that manufactures and sells lumber, pulp, paper and sustainable wood bioproducts worldwide. The company produces a diverse range of products including structural lumber, premium boards, engineered beams such as trusses and tongue-and-groove timber, dimension and specialty lumber, oriented strand board, bleached and unbleached softwood kraft pulp, kraft paper, wood chips, pellets, logs and green energy; it operates through subsidiaries like Canadian Forest Products Ltd. and a controlling interest in Canfor Pulp Products Inc., with facilities across Western Canada, Southeastern United States, British Columbia, Alberta, Quebec, Sweden, South Carolina, Louisiana, Arkansas, Georgia and Mississippi. Founded in 1938 and headquartered at 101-161 East 4th Avenue in Vancouver, British Columbia, Canfor employs over 6,500 people and maintains 66 operations in 51 communities, emphasizing low-carbon sustainable solutions certified under SFI and FSC standards. In recent developments, its Swedish subsidiary Vida AB, 77%-owned by Canfor, completed the $164 million acquisition of three sawmills from AB Karl Hedin Sågverk and Mattsbo Såg AB in Central Sweden in September 2025, adding 230 million board feet to annual capacity and $15 million in expected synergies through enhanced marketing, log procurement and integration; the company also closed Darlington and Estill sawmills in June 2025 amid operational adjustments, wound down a production line at the Northwood NBSK pulp mill in August 2024 reducing market kraft pulp output by 300,000 tonnes annually, and issued its 2024 Sustainability Report in April 2025 highlighting ESG performance while navigating fiber supply challenges and market uncertainties.