By CKPG Today

Forestry

Canfor to invest $160M in new Louisiana sawmill

Jun 8, 2021 | 10:12 AM

VANCOUVER — Canfor has announced 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,” reads a Canfor news release.

“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.”

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Canfor says startup is expected to start late in the third quarter of 2022.

The company notes that 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.