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January 10, 2022

B.C. forestry giants invested $6billion in foreign assets in 2021

  Canfor Corporation has ended 2021 with another investment outside of B.C. – bringing the total investment of B.C.’s forestry giants outside of B.C. to roughly $6 billion this year alone.  Canfor last month announced it is buying Millar Western Forest Products Ltd. solid wood operations and associated tenure in Alberta for $420 million. In June, Canfor announced it would invest $200 million in Louisiana to build a new sawmill there.  B.C. forestry giants have been buying sawmills in the U.S., Europe and other parts of Canada in recent years ...

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