VANCOUVER – Canfor Corp. (TSX:CFP) restarted its sawmill in Vavenby in the British Columbia Interior on Tuesday after a $ 24-million upgrade.
The capital investment included a new canter line, a new grade optimizer in the planer and an upgraded planer feed system.
At full production, Vavenby will add 240 million board feet of SPF to company capacity on an annual basis, Canfor said in a news release.
“Our committed, exceptional workforce in Vavenby, the company’s capital investment program and the excellent work that government has done to partner with industry in developing new markets for our products has allowed us to restart this facility,” said CEO Don Kayne.
Canfor stock was down 14 cents at $ 10.04 Tuesday on the Toronto Stock Exchange.
Local news from metronews.ca/vancouver
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