Canfor Corp. recently announced the permanent closure of its Polar sawmill in Bear Lake, B.C., and the suspension of its planned $200 million reinvestment in its Houston, B.C. mill. That came on the heels of the company indefinitely curtailing one production line at its Northwood facility in B.C.

BURNABY, British Columbia – Interfor recorded a first-quarter net loss of $72.9 million on sales of $813.2 million. The Q1 financial deficit comes on the heels of a net loss of $169.0 million the company recorded in Q4 2023.

KAMLOOPS, British Columbia – Tolko Industries is in line to receive up to $8 million in government funds to expand its Heffley Creek plywood mill including construction of a facility that will house a new engineered wood division.

VANCOUVER, British Columbia -- Canfor Corp. entered into a purchase agreement with Resolute El Dorado Inc., an affiliate of Domtar Corp., to acquire its El Dorado lumber manufacturing facility in Union County, Ark.

Dorel Industries Inc.'s first quarter, which ended March 31, 2024, found revenues up year over year, and losses down year over year. 

Formica Corporation announced the winners of its 2024 FORM Student Innovation Competition. Now in its seventh year, the competition invited students from the U.S., Mexico, and Canada to showcase their creativity by designing a furniture piece interpreting the theme “Newstalgia."

Ontario-based wood products companies may be entitled to financial rebates through the Workplace Safety and Insurance Board’s (WSIB) Health & Safety Excellence Program (HSEP).

SURREY, British Columbia – Teal Jones Group, a forest products company that filed for bankruptcy protection on April 25, is restarting its three Surrey-based sawmills after securing an interim financing deal.

A persistent shortage of economically available timber and challenging operating conditions in northern British Columbia, has led Canfor Corporation to permanently close its Polar sawmill in Bear Lake, British Columbia, and suspend its planned $200 million reinvestment in Houston, B.C., mill.