Canfor invests another $40m in sawing activities
The Canadian timber concern Canfor started a total investment in May 2012 of roughly Can$40m in the modernisation of the Radium and Canal Flats sawmills in British Columbia. Most of the investment sum will go to the Radium sawmill which was shut down in May 2009 for an indefinite period and which will subsequently probably resume operations in the fourth quarter of 2012. The sawmill will be equipped with a new planing line and a biomass plant for the generation of energy and the existing sawing line will be modernised, all at a cost of Can$38.5m. The remaining Can$1.5m is to be invested in the modernisation of drying plant at Canal Flats.