Latest news with #CanforCorporation
Malaysian Reserve
22-07-2025
- Business
- Malaysian Reserve
Vida AB expands into Central Sweden
VANCOUVER, BC, July 22, 2025 /CNW/ – Canfor Corporation (TSX: CFP) announced today that its 77%-owned subsidiary, Vida AB, has entered into an agreement to purchase AB Karl Hedin Sågverk from Mattsbo Såg AB and certain minority shareholders for a purchase price of $164 million (1.15 billion Swedish Krona), including working capital of approximately $39 million. AB Karl Hedin Sågverk operates three sawmills located in Central Sweden and will add approximately 230 million board feet to Vida's annual production capacity. Following completion of this acquisition, Vida will have annual production capacity of approximately 2.1 billion board feet. Annual synergies of approximately $15 million are expected to be achieved within three years as a result of this transaction principally related to alignment of marketing programs as well as log procurement and operational practices. 'This strategic acquisition will enhance Vida's strong operating platform and provide further diversification into Central Sweden. These operations have access to exceptionally high-quality timber and are well positioned to complement Vida's high-value product offering,' said Susan Yurkovich, President and Chief Executive Officer of Canfor. Canfor anticipates financing this transaction largely with cash on hand and new equity from minority Vida AB shareholders. The transaction is expected to close over the next several months and is subject to customary closing conditions, including regulatory approvals. Forward-looking statements. Certain statements in this press release constitute 'forward-looking statements' which involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. Words such as 'expects', 'anticipates', 'projects', 'intends', 'plans', 'will', 'believes', 'seeks', 'estimates', 'should', 'may', 'could', and variations of such words and similar expressions are intended to identify such forward looking statements. These statements are based on management's current expectations and beliefs and actual events or results may differ materially. There are many factors that could cause such actual events or results expressed or implied by such forward-looking statements to differ materially from any future results expressed or implied by such statements. Forward-looking statements are based on current expectations and Canfor assumes no obligation to update such information to reflect later events or developments, except as required by law. About Canfor Corporation. Canfor is a global leader in the manufacturing of high-value low-carbon forest products including dimension and specialty lumber, engineered wood products, pulp and paper, wood pellets and renewable energy. Proudly headquartered in Vancouver, British Columbia, Canfor produces renewable products from sustainably managed forests, at more than 50 facilities across its diversified operating platform in Canada, the United States and Europe. The Company has a 77% stake in Vida AB, Sweden's largest privately owned sawmill company and also owns a 54.8% interest in Canfor Pulp Products Inc. Canfor shares are traded on The Toronto Stock Exchange under the symbol CFP. For more information visit
Cision Canada
22-07-2025
- Business
- Cision Canada
Vida AB expands into Central Sweden
VANCOUVER, BC, July 22, 2025 /CNW/ - Canfor Corporation (TSX: CFP) announced today that its 77%-owned subsidiary, Vida AB, has entered into an agreement to purchase AB Karl Hedin Sågverk from Mattsbo Såg AB and certain minority shareholders for a purchase price of $164 million (1.15 billion Swedish Krona), including working capital of approximately $39 million. AB Karl Hedin Sågverk operates three sawmills located in Central Sweden and will add approximately 230 million board feet to Vida's annual production capacity. Following completion of this acquisition, Vida will have annual production capacity of approximately 2.1 billion board feet. Annual synergies of approximately $15 million are expected to be achieved within three years as a result of this transaction principally related to alignment of marketing programs as well as log procurement and operational practices. "This strategic acquisition will enhance Vida's strong operating platform and provide further diversification into Central Sweden. These operations have access to exceptionally high-quality timber and are well positioned to complement Vida's high-value product offering," said Susan Yurkovich, President and Chief Executive Officer of Canfor. Canfor anticipates financing this transaction largely with cash on hand and new equity from minority Vida AB shareholders. The transaction is expected to close over the next several months and is subject to customary closing conditions, including regulatory approvals. Forward-looking statements. Certain statements in this press release constitute "forward-looking statements" which involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. Words such as "expects", "anticipates", "projects", "intends", "plans", "will", "believes", "seeks", "estimates", "should", "may", "could", and variations of such words and similar expressions are intended to identify such forward looking statements. These statements are based on management's current expectations and beliefs and actual events or results may differ materially. There are many factors that could cause such actual events or results expressed or implied by such forward-looking statements to differ materially from any future results expressed or implied by such statements. Forward-looking statements are based on current expectations and Canfor assumes no obligation to update such information to reflect later events or developments, except as required by law. About Canfor Corporation. Canfor is a global leader in the manufacturing of high-value low-carbon forest products including dimension and specialty lumber, engineered wood products, pulp and paper, wood pellets and renewable energy. Proudly headquartered in Vancouver, British Columbia, Canfor produces renewable products from sustainably managed forests, at more than 50 facilities across its diversified operating platform in Canada, the United States and Europe. The Company has a 77% stake in Vida AB, Sweden's largest privately owned sawmill company and also owns a 54.8% interest in Canfor Pulp Products Inc. Canfor shares are traded on The Toronto Stock Exchange under the symbol CFP. For more information visit SOURCE Canfor Corporation Media Contact: Mina Laudan, VP, Corporate Affairs, (604) 661-5225, [email protected]; Investor Contacts: Pat Elliott, CFO and Corporate Secretary, (604) 661-5441, [email protected]; Dan Barwin, Head of Corporate Development, (604) 661-5390, [email protected]
Yahoo
03-07-2025
- Business
- Yahoo
Canfor Pulp Products Inc. and Canfor Corporation Announce Fourth Quarter Results Conference Call
VANCOUVER, BC, July 3, 2025 /CNW/ - Canfor Pulp Products Inc. (TSX: CFX) will hold a joint analyst conference call with Canfor Corporation (TSX: CFP) on Friday, August 1, 2025 to discuss their respective Q2 2025 financial and operating results. When: Friday, August 1, 2025 at 9:00 a.m. PT Call details: 1-888-510-2154 (Toll-free North America) Please ask to participate in Canfor's second quarter call. Listen live at select Online Log In. Presentation material referenced during the conference call will be available the morning of the call at Following management's discussion of the quarterly results, the analyst and investment community will be invited to ask questions. Media are invited to attend on a listen-only basis. Recording playback: The replay of the conference call will be available until August 15, 2025. 1-888-660-6345 Passcode 18122 # About Canfor Pulp Products Inc. Canfor Pulp Products Inc. ("Canfor Pulp" or "CPPI") is a leading global supplier of pulp and paper products with operations in the northern interior of British Columbia ("BC"). Canfor Pulp operates two mills in Prince George, BC with a total capacity of 780,000 tonnes of Premium Reinforcing Northern Bleached Softwood Kraft ("NBSK") pulp and 140,000 tonnes of kraft paper. CPPI shares are traded on the Toronto Stock Exchange under the symbol CFX. For more information visit SOURCE Canfor Pulp Products Inc. View original content to download multimedia:
Malaysian Reserve
26-06-2025
- Business
- Malaysian Reserve
Canfor Announces Closure of Darlington and Estill Sawmills
VANCOUVER, BC, June 26, 2025 /CNW/ – Canfor Corporation (TSX: CFP) announced today its decision to permanently close the Estill and Darlington sawmills in South Carolina, effective August 2025. These closures follow an extended period of persistently weak market conditions and sustained financial losses, which have made continued operations at these facilities no longer viable. 'We understand the significant impact this difficult decision will have on our employees,' said Lee Goodloe, President, Canfor Southern Pine. 'This outcome is in no way a reflection of the dedication and hard work of our teams. We are committed to supporting our employees through this transition, including providing severance payments and exploring opportunities for redeployment within our other operations where possible.' Approximately 290 employees will be affected by the closures, which will also reduce Canfor's U.S. lumber production capacity by 350 million board feet annually. Forward-looking statements in this press release constitute 'forward-looking statements' which involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. Words such as 'expects', 'anticipates', 'projects', 'intends', 'plans', 'will', 'believes', 'seeks', 'estimates', 'should', 'may', 'could', and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are based on management's current expectations and beliefs and actual events or results may differ materially. There are many factors that could cause such actual events or results expressed or implied by such forward-looking statements to differ materially from any future results expressed or implied by such statements. Forward-looking statements are based on current expectations and Canfor assumes no obligation to update such information to reflect later events or developments, except as required by law. About Canfor is a global leader in the manufacturing of high-value low-carbon forest products including dimension and specialty lumber, engineered wood products, pulp and paper, wood pellets and renewable energy. Proudly headquartered in Vancouver, British Columbia, Canfor produces renewable products from sustainably managed forests, at more than 50 facilities across its diversified operating platform in Canada, the United States and Europe. The Company has a 77% stake in Vida AB, Sweden's largest privately owned sawmill company and also owns a 54.8% interest in Canfor Pulp Products Inc. Canfor shares are traded on The Toronto Stock Exchange under the symbol CFP. For more information visit
Yahoo
30-05-2025
- Business
- Yahoo
TSX Growth Companies With High Insider Ownership For May 2025
As the Canadian market navigates potential changes in U.S. tax policies and the implications of rising bond yields, investors are keenly observing how these factors might influence their portfolios. In this environment, growth companies with high insider ownership can offer a compelling investment opportunity, as they often indicate strong confidence from those who know the business best and may provide stability amid broader market fluctuations. Name Insider Ownership Earnings Growth Propel Holdings (TSX:PRL) 36.5% 33% Robex Resources (TSXV:RBX) 19.8% 147.4% Almonty Industries (TSX:AII) 11.4% 55.8% Intermap Technologies (TSX:IMP) 14.5% 98.1% goeasy (TSX:GSY) 21.9% 18.2% Enterprise Group (TSX:E) 32.2% 24.8% Aritzia (TSX:ATZ) 17.5% 22.4% Discovery Silver (TSX:DSV) 17.5% 42.1% Allied Gold (TSX:AAUC) 16% 80% Tenaz Energy (TSX:TNZ) 10.4% 151.2% Click here to see the full list of 42 stocks from our Fast Growing TSX Companies With High Insider Ownership screener. Let's explore several standout options from the results in the screener. Simply Wall St Growth Rating: ★★★★☆☆ Overview: Canfor Corporation is an integrated forest products company with operations in the United States, Asia, Canada, Europe, and internationally, and has a market cap of CA$1.56 billion. Operations: The company's revenue segments include Lumber at CA$4.64 billion and Pulp & Paper at CA$772.50 million. Insider Ownership: 22.7% Canfor Corporation has seen substantial insider buying over the past three months, indicating confidence in its growth prospects. The company trades at a good value compared to peers and is expected to achieve revenue growth of 5.8% annually, outpacing the Canadian market average. Despite recent net losses, Canfor aims for profitability within three years. Recent executive changes and a share repurchase program underscore strategic adjustments amidst maintenance outages impacting production levels. Dive into the specifics of Canfor here with our thorough growth forecast report. Our expertly prepared valuation report Canfor implies its share price may be lower than expected. Simply Wall St Growth Rating: ★★★★☆☆ Overview: Lightspeed Commerce Inc. provides cloud-based software subscriptions and payment solutions for retailers, restaurants, and golf course operators globally, with a market cap of CA$2.01 billion. Operations: The company generates revenue primarily from its software and programming segment, amounting to $1.08 billion. Insider Ownership: 10.5% Lightspeed Commerce has experienced recent net losses, with a full-year loss of US$667.2 million, yet its revenue grew to US$1.08 billion. The company forecasts further revenue growth of 10% to 12% for fiscal year 2026 and is expected to become profitable within three years. Recent product innovations in retail and hospitality aim to enhance operational efficiency, while a completed share buyback program reflects strategic financial management amidst ongoing growth initiatives in the golf industry. Click here to discover the nuances of Lightspeed Commerce with our detailed analytical future growth report. Upon reviewing our latest valuation report, Lightspeed Commerce's share price might be too pessimistic. Simply Wall St Growth Rating: ★★★★☆☆ Overview: Savaria Corporation offers accessibility solutions for the elderly and physically challenged across Canada, the United States, Europe, and internationally with a market cap of CA$1.39 billion. Operations: The company's revenue segments include Patient Care, which generated CA$194.92 million, with a Segment Adjustment of CA$683.63 million. Insider Ownership: 17.3% Savaria Corporation has demonstrated revenue growth, reporting CAD 220.23 million in Q1 2025, up from CAD 209.44 million the previous year. The company forecasts further growth of 5-8% for fiscal 2025, driven by volume and price increases, new product launches, and favorable exchange rates in its Accessibility and Patient Care segments. Insider activity shows substantial buying over the past three months, indicating confidence in future performance amidst reliable dividend payments of CAD 0.045 per share monthly. Click here and access our complete growth analysis report to understand the dynamics of Savaria. The valuation report we've compiled suggests that Savaria's current price could be quite moderate. Embark on your investment journey to our 42 Fast Growing TSX Companies With High Insider Ownership selection here. Looking For Alternative Opportunities? The latest GPUs need a type of rare earth metal called Dysprosium and there are only 23 companies in the world exploring or producing it. Find the list for free. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks analysis only considers stock directly held by insiders. It does not include indirectly owned stock through other vehicles such as corporate and/or trust entities. All forecast revenue and earnings growth rates quoted are in terms of annualised (per annum) growth rates over 1-3 years. Companies discussed in this article include TSX:CFP TSX:LSPD and TSX:SIS. Have feedback on this article? Concerned about the content? with us directly. 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