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Conifex Timber ooperates with Dunkley Lumber

29.04.2016 − 

Canadian Conifex Timber signed a cooperation agreement on timber harvesting activities in the Mackenzie Timber Supply Area with the sawmilling company Dunkley Lumber on 12 April. According to the terms of the agreement, Dunkley acquires 50% of the shares in an undisclosed subsidiary of Conifex at a price of CAD20m. The subsidiary has felling licences for 300,000 m³ per year. The agreement provides for coordination of the two companies’ felling activities with the aim of optimising and increasing the log deliveries to the sawmills of both companies and to Conifex’ 36 MW biomass-fired power station that was put into service in Mackenzie in May 2015.

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