VANCOUVER, BC, Sept. 25, 2023 /CNW/ – VIDA AB, owned 70% by Canfor Company (TSX: CFP), broadcasts it would purchase a 50 million board foot sawmill from Ingarp Träskydd for 50 million SEK (CAD$6.0 million). The sawmill has the potential for enlargement to 100 million board toes and the transaction is predicted to shut on October 3, 2023. The strategic acquisition marks a continued funding within the space round Vida’s sawmills in Hjältevad and Vimmerby.
Ahead Trying Statements
Sure statements on this press launch represent “forward-looking statements” which contain identified and unknown dangers, uncertainties and different components which will trigger precise outcomes to be materially completely different from any future outcomes, efficiency or achievements expressed or implied by such statements. Phrases corresponding to “expects”, “anticipates”, “tasks”, “intends”, “plans”, “will”, “believes”, “seeks”, “estimates”, “ought to”, “might”, “might”, and variations of such phrases and related expressions are supposed to establish such forward-looking statements. These statements are primarily based on administration’s present expectations and beliefs and precise occasions or outcomes might differ materially. There are lots of components that would trigger such precise occasions or outcomes expressed or implied by such forward-looking statements to vary materially from any future outcomes expressed or implied by such statements. Ahead-looking statements are primarily based on present expectations and Canfor assumes no obligation to replace such info to replicate later occasions or developments, besides as required by legislation.
About Canfor Company
Canfor is a worldwide chief within the manufacturing of high-value low-carbon forest merchandise together with dimension and specialty lumber, engineered wooden merchandise, pulp and paper, wooden pellets and inexperienced vitality. Proudly headquartered in Vancouver, British Columbia, Canfor produces renewable merchandise from sustainably managed forests, at greater than 55 services throughout its diversified working platform in Canada, the US and Europe. The Firm has a 70% stake in Vida AB, Sweden’s largest privately owned sawmill firm and likewise owns a 54.8% curiosity in Canfor Pulp Merchandise Inc. Canfor shares are traded on The Toronto Inventory Change underneath the image CFP. For extra info go to canfor.com.
SOURCE Canfor Company
For additional info: Media Contact: Michelle Ward, VP, Company Communications, (604) 661-5225, ; Investor Contact: Pat Elliott, CFO and SVP, Sustainability, (604) 661-5441, ; Dan Barwin, Director, Company Finance, (604) 661-5390,
