Newspaper article The Canadian Press

Canfor Going Ahead with US$120M Sawmill in U.S. as Softwood Dispute Continues

Newspaper article The Canadian Press

Canfor Going Ahead with US$120M Sawmill in U.S. as Softwood Dispute Continues

Article excerpt

Canfor spending US$120M on Georgia mill

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VANCOUVER - Canfor Corp. says its going ahead with the construction of a US$120 million sawmill in Washington, Ga., as Canada's softwood lumber industry continues to deal with punitive duties from the U.S.

But the Vancouver-based lumber company said early Friday that construction of the new 275-million board feet mill may not start in the second quarter of 2018 as initially planned.

Canfor said it has been advised by a contractor selected to build the mill of a "potential previous commitment that may prevent their construction of the facility." The company said it was working to rectify the situation.

The investment announcement came as Canfor reported adjusted net income of $114.8 million or 89 cents per share for the last quarter, up from $37. …

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