Vancouver-based Canfor Corp. (TSX:CFP) has announced that it will invest approximately $40 million in capital improvement projects to increase productivity and recovery at its sawmill in Mackenzie, B.C.
“Our fibre supply in the Mackenzie region is strong and this announcement reflects confidence in our ability to operate an internationally-competitive mill in this community,” said Don Dayne, Canfor president and CEO.
According to the company, the upgrades will include modifications and upgrades to the sawmill, kilns and planer.
The company said it will start the project this month and anticipates finishing it by November.
According to Canfor, this latest investment brings the company’s total capital investment at B.C. wood, pulp and paper facilities over the past three years to $600 million.
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