Canfor Corporation is excited to announce it will invest approximately $160 million USD to build a new, state-of-the-art sawmill near DeRidder, Louisiana. The Company is pleased to be receiving significant state and local incentives in support of the project. The facility will have an annual production capacity of 250 million board feet on a two-shift basis and will directly employ about 130 people plus create significant additional indirect jobs. The Louisiana facility will have manufacturing capacity and flexibility to produce a wide variety of highvalue wood products for our customers. Startup is expected to commence late in the third quarter of 2022. The investment in Louisiana is in addition to the approximately $300 million of 2021 capital spending, including about $200 million for the solid wood and pulp operations in Western Canada and $100 million for the solid wood operations in the U.S. South.

After first “paper on reel” on March 31st, LEIPA will soon complete the startup period of its PM 5 and begin supplying customers with uncoated White Top Testliner from PM 5. LEIPA Group CEO Peter Probst: “We look forward to growing successfully with our customers and partners. The demand for White Top Liner remains consistently high and the trend is rising. Prices are at a high level as well. These factors result in excellent conditions for the market launch of the PM 5.” As an international market leader LEIPA will have developed a one-stop shop for their customers with the PM 3 and PM 5, offering an annual total capacity of 700,000 tons of coated and uncoated White Top Testliner. Click Read More below for additional information.

After many years of collaboration and joint efforts to promote sustainable forest management, UPM-Kymmene has been accepted as PEFC’s international stakeholder member. PEFC (The Programme for the Endorsement of Forest Certification) is an international organisation with the main focus of endorsing national forest certification systems to ensure the verifiable, sustainable use of forests. “We were delighted to welcome so many of our members from all around the world, virtually. While we couldn’t meet in person, the virtual meeting enabled more employees of our members to join the session and experience a PEFC General Assembly first-hand”, says Ben Gunneberg, the CEO and Secretary General of PEFC. Alongside UPM joining as an international stakeholder member, Turkey and Bosnia and Herzegovina were welcomed as new national members. PEFC now totals 55 national members across six continents and 31 international stakeholder members.