Canfor Corp (CFPZF)

Description:

Canfor Corp was incorporated on May 17, 1966, under the British Columbia Company Act. It is a Canadian integrated forest Products Company engaged mainly in the lumber business, with production facilities in British Columbia, Alberta, Québec and the United States. The Company also has a 50.2% interest in the pulp and paper business owned by CPPI, a 50% interest in the panels business of Peace Valley OSB, and owns the Taylor pulp mill. Softwood lumber production facilities are located in British Columbia, Alberta, Québec and the United States with annual production capacity (including idled operations) at December 31, 2012 of approximately 5.2 billion board feet of lumber and 0.8 billion square feet of OSB (3/8 inch basis), including the Company's 50% share of Peace Valley OSB production capacity. Its products also include remanufactured and finger-jointed lumber, treated lumber, wood chips, wood pellets and logs. The Company holds approximately 16.4 million cubic metres of annual harvesting rights under its forest tenures and pulpwood agreements. Its products are exported mainly to the United States and Asia as well as shipped domestically in Canada. It also maintains wood products sales offices in Vancouver, Canada, Myrtle Beach, United States, Tokyo, Japan and Shanghai, China, and pulp sales offices in Vancouver, Canada, Brussels, Belgium, and Tokyo, Japan, and is represented by sales representatives serving various other markets around the world.