Canfor Corporation has announced that it will continue with capital improvement projects worth C$62m million at its Vavenby, Polar and Plateau operations in British Columbia, following a review by its board of directors.
The schemes are part of the company’s C$145m capital investment plan for 2011, and a three-year strategic plan that calls for total investment in sawmill improvement projects of C$300m.
On completion of the capital upgrades at its Vavenby mill, Canfor will resume operations at the facility in the third quarter of 2011. The resumption is expected to result in the recall of approximately 140 employees.
The mill will have a capacity of 240 million board feet of spruce-pine-fir (SPF) lumber on an annual basis.
