Latest news with #pulp
Reuters
17 hours ago
- Business
- Reuters
Forestry giant Copec's profit dips as revenue beats forecasts
Aug 14 (Reuters) - Chilean industrial conglomerate Empresas Copec ( opens new tab on Thursday posted an 21% drop in second-quarter profit although revenue surpassed expectations, as the forestry giant faces falling pulp prices and impacts from the U.S.-China trade war. Net profit for the three months ended June hit $228 million - in line with forecasts of analysts polled by LSEG - from revenue that edged down 1% to $7.18 billion. However, revenue for Copec, which owns a large forestry business as well as fuel distribution, mining and fishing operations, landed ahead of analysts' $6.84 billion estimate. Copec attributed the decline in sales largely to lower prices for pulp - a raw material used in a range of products such as paper, packaging and some textiles - though it partially offset this by selling off larger volumes. Copec said China faced an oversupply of pulp even though domestic consumption and demand remained strong, while in Europe, an oversupply had combined with a lower use of "almost all grades of paper", causing some paper mills to shut down. "The dissolving pulp market has been affected by the trade war between the United States, China, and other Asian textile-producing countries," it added. Copec said its forestry subsidiary Arauco sold nearly 8% more pulp compared to the same quarter last year, but prices were down more than 12%. Arauco contributes the bulk of earnings for Copec, which last year counted over 9,360 square km (3,614 square miles) of land planted mainly with eucalyptus and pine forests across Brazil and South America's Southern Cone - an area larger than the U.S. territory of Puerto Rico. Washington has slapped a 50% tariff on goods from Brazil, but excluded some major exports, including various types of wood pulp, sawn wood and paper products.
The Guardian
3 days ago
- Lifestyle
- The Guardian
Sour power: how to use tamarind pods, pulp and paste
Can you please explain tamarind? Pods, pulp, paste, concentrate … I can't keep up with them all. David, via emailHow does Chaya Maya, development chef at Ottolenghi Test Kitchen, love tamarind? Let her count the ways: 'It's delicious, plus you can use it in sweet and savoury dishes, or to make lemonade, which we do in Mauritius; it has that sour sharpness that makes your mouth tingle. Actually, we need a tamarind movement.' Also in favour of the pucker fruit is Melissa Thompson, author of Motherland, namely for its 'lovely consistency' and ability to 'coat things nicely' while adding 'depth'. The Guardian's journalism is independent. We will earn a commission if you buy something through an affiliate link. Learn more. As David says, tamarind comes in various forms, but let's start at the very beginning with those peanut-shaped pods, which Thompson likes to snack on – just crack open the shell and eat the flesh. 'When I started cheffing, I wanted to do all the processes myself, so I'd buy a box of pods, peel them, soak them and mash them, which took so long!' Perhaps unsurprisingly, these days she prefers a compressed block, which also happens to be Maya's go-to: 'You have to hydrate it, then make a paste, but the blocks last longer, plus the manufacturer will have waited until the tamarind is ripe, so it's sweet and caramelly.' Perfect, then, for Thompson's barbecue sauce, which involves breaking off 50g pulp, steeping it in water and combining with apple molasses, but the possibilities are (almost) endless: 'A block is the most versatile option, but only for someone who gets through a lot.' Perhaps easier is a jar of paste, which is readily available in supermarkets, or tamarind concentrate. 'Depending on where it's from [predominantly Thailand and India], it tastes quite different, which can cause confusion,' says Feast's own Helen Goh, whose first solo book, Baking and the Meaning of Life, is out in September. 'I only ever use Thai or Malaysian tamarind, which is fruity, bright, smooth, liquidy and brown; Indian tamarind, by contrast, is darker, almost black, and far more concentrated and intense.' Add a spoonful for instant oomph in soups, stews, meat marinades or anywhere you might otherwise turn to citrus. 'It's not quite the same as a block, but it's still pretty delicious,' Maya says. 'Just watch out when seasoning, because the jarred stuff is often already salted.' She suggests adding lime juice to loosen, then flavouring with crushed garlic, chopped spring onion and fresh chilli, plus salt and sugar to taste. 'Roast some fish, pour on the tamarind mix and it's the best. If you've got crispy onions, pile them on top as well.' Thompson, meanwhile, would use her noodle: 'Make a dressing by watering down tamarind paste, add vinegar, honey, chopped shallot, garlic, lime juice and zest, and pour over a cold noodle salad.' Pineapple and tamarind are synonymous with Malaysia, where Goh grew up, and she says that duo are particularly welcome in an upside-down cake: 'Tamarind concentrate goes into the caramel,which is poured into a cake tin. Lay pineapple on top, pour in the cake batter, then bake – it melts into a gooey, syrupy thing that I love.' There's also tamarind extract, but Thompson would be inclined to leave that well alone: 'People tend to come unstuck with that because it is so concentrated.' That said, it works a dream in vegan fish sauce, which is yet more proof that sweet-sour tamarind really does make everything better. Got a culinary dilemma? Email feast@
The Guardian
3 days ago
- Lifestyle
- The Guardian
Sour power: how to use tamarind pods, pulp and paste
Can you please explain tamarind? Pods, pulp, paste, concentrate … I can't keep up with them all. David, via emailHow does Chaya Maya, development chef at Ottolenghi Test Kitchen, love tamarind? Let her count the ways: 'It's delicious, plus you can use it in sweet and savoury dishes, or to make lemonade, which we do in Mauritius; it has that sour sharpness that makes your mouth tingle. Actually, we need a tamarind movement.' Also in favour of the pucker fruit is Melissa Thompson, author of Motherland, namely for its 'lovely consistency' and ability to 'coat things nicely' while adding 'depth'. The Guardian's journalism is independent. We will earn a commission if you buy something through an affiliate link. Learn more. As David says, tamarind comes in various forms, but let's start at the very beginning with those peanut-shaped pods, which Thompson likes to snack on – just crack open the shell and eat the flesh. 'When I started cheffing, I wanted to do all the processes myself, so I'd buy a box of pods, peel them, soak them and mash them, which took so long!' Perhaps unsurprisingly, these days she prefers a compressed block, which also happens to be Maya's go-to: 'You have to hydrate it, then make a paste, but the blocks last longer, plus the manufacturer will have waited until the tamarind is ripe, so it's sweet and caramelly.' Perfect, then, for Thompson's barbecue sauce, which involves breaking off 50g pulp, steeping it in water and combining with apple molasses, but the possibilities are (almost) endless: 'A block is the most versatile option, but only for someone who gets through a lot.' Perhaps easier is a jar of paste, which is readily available in supermarkets, or tamarind concentrate. 'Depending on where it's from [predominantly Thailand and India], it tastes quite different, which can cause confusion,' says Feast's own Helen Goh, whose first solo book, Baking and the Meaning of Life, is out in September. 'I only ever use Thai or Malaysian tamarind, which is fruity, bright, smooth, liquidy and brown; Indian tamarind, by contrast, is darker, almost black, and far more concentrated and intense.' Add a spoonful for instant oomph in soups, stews, meat marinades or anywhere you might otherwise turn to citrus. 'It's not quite the same as a block, but it's still pretty delicious,' Maya says. 'Just watch out when seasoning, because the jarred stuff is often already salted.' She suggests adding lime juice to loosen, then flavouring with crushed garlic, chopped spring onion and fresh chilli, plus salt and sugar to taste. 'Roast some fish, pour on the tamarind mix and it's the best. If you've got crispy onions, pile them on top as well.' Thompson, meanwhile, would use her noodle: 'Make a dressing by watering down tamarind paste, add vinegar, honey, chopped shallot, garlic, lime juice and zest, and pour over a cold noodle salad.' Pineapple and tamarind are synonymous with Malaysia, where Goh grew up, and she says that duo are particularly welcome in an upside-down cake: 'Tamarind concentrate goes into the caramel,which is poured into a cake tin. Lay pineapple on top, pour in the cake batter, then bake – it melts into a gooey, syrupy thing that I love.' There's also tamarind extract, but Thompson would be inclined to leave that well alone: 'People tend to come unstuck with that because it is so concentrated.' That said, it works a dream in vegan fish sauce, which is yet more proof that sweet-sour tamarind really does make everything better. Got a culinary dilemma? Email feast@
Yahoo
05-08-2025
- Business
- Yahoo
Do Wall Street Analysts Like International Paper Stock?
Memphis, Tennessee-based International Paper Company (IP) produces and sells renewable fiber-based packaging and pulp products. Its operations span the Americas, Europe, and North Africa. With a market cap of $24.5 billion, International Paper operates through the Industrial Packaging and Global Cellulose Fibers segments. The packaging giant has significantly underperformed the broader market over the past year. IP stock has observed a marginal 26 bps uptick over the past 52 weeks and plunged 14.4% in 2025, lagging behind the S&P 500 Index's ($SPX) 18.4% surge over the past year and 7.6% returns on a YTD basis. More News from Barchart Options Traders Expected Palantir Stock's Tamest Earnings Reaction in a Year. Did They Get It Right? Dear Nvidia Stock Fans, Mark Your Calendars for August 27 Tesla Gains on Elon Musk's New Pay Package. Is TSLA Stock a Buy? Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Narrowing the focus, IP has also lagged behind the Consumer Discretionary Select Sector SPDR Fund's (XLY) 24.1% gains over the past 52 weeks and a 2.6% dip in 2025. International Paper's stock prices plummeted 12.9% in a single trading session following the release of its mixed Q2 results on Jul. 31. Although the company's sales in Europe remain soft, its commercial efforts helped drive growth in North America, further it also experienced higher volumes and stable demand in North America. This led to its overall net sales surging 42.9% year-over-year to $6.8 billion, exceeding the Street's expectations. However, International Paper experienced a significant contraction in margins due to continued cost headwinds and high depreciation and amortization. Its adjusted operating earnings dropped 45.6% year-over-year to $105 million, and adjusted EPS of $0.20 fell short of the consensus estimates by a staggering 47.4%. However, for the full fiscal 2025, analysts expect IP to deliver an adjusted EPS of $1.92, up 69.9% year-over-year. The company has a mixed earnings surprise history. While it surpassed the Street's bottom-line estimates twice over the past four quarters, it has missed the projections on two other occasions. The stock has a consensus 'Moderate Buy' rating overall. Of the 12 analysts covering the stock, opinions include seven 'Strong Buys,' one 'Moderate Buy,' two 'Holds,' and two 'Strong Sells.' This configuration is slightly more optimistic than two months ago, when six analysts gave 'Strong Buy' recommendations. On Jul. 10, Wells Fargo (WFC) analyst Gabe Hajde maintained an 'Underweight' rating on IP, but raised the price target from $40 to $43. International Paper's mean price target of $56.70 suggests a 23.1% upside potential, while the Street-high target of $65 represents a 41.1% premium to current price levels. On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
31-07-2025
- Business
- Yahoo
Canfor reports results for the second quarter of 2025.
VANCOUVER, BC, July 31, 2025 /CNW/ - Canfor Corporation ("the Company" or "Canfor") (TSX: CFP) today reported its second quarter of 2025 results: Overview. Q2 2025 operating loss of $251 million, shareholder net loss of $203 million, or $1.71 per share. After taking into consideration adjusting items1 of $201 million, Q2 2025 operating loss of $51 million, compared to a similarly adjusted operating loss of $32 million in Q1 2025. Solid earnings from Europe; North American operations impacted by sustained weakness in lumber benchmark pricing. Persistent weak market conditions in the US South led to the announcement of the permanent closure of the Company's Estill and Darlington sawmills, and, as a result, an asset write-down and impairment charge of $189 million and restructuring costs of $7 million in the lumber segment. Rising global economic uncertainty put downward pressure on global pulp market fundamentals, particularly in China, and on North American kraft paper markets; global pulp producer inventories climbed to well above the balanced range. The Canadian dollar strengthened by 3 cents, or 4%, versus the US-dollar quarter-over-quarter, weakening revenues. Vida AB announced agreement to purchase AB Karl Hedin Sågverk ("Hedin") for $164 million, including approximately $39 million of working capital, which will add 230 million board feet to Vida's annual capacity. Financial results. The following table summarizes selected financial information for the Company for the comparative periods: (millions of Canadian dollars, except per share amounts)Q2 2025Q1 2025 YTD 2025Q2 2024 YTD 2024 Sales $ 1,379.4 $ 1,417.5 $ 2,796.9 $ 1,381.5 $ 2,764.2 Reported operating income (loss) before amortization, asset write-downs and impairments $ 39.6 $ 72.6 $ 112.2 $ (98.3) $ (78.5) Reported operating loss $ (251.4) $ (28.5) $ (279.9) $ (250.8) $ (336.6) Adjusted operating income (loss) before amortization, asset write-downs and impairments1 $ 51.7 $ 68.9 $ 120.6 $ (46.9) $ (57.3) Adjusted operating loss1 $ (50.7) $ (32.2) $ (82.9) $ (167.8) $ (283.8) Net loss2 $ (202.8) $ (31.0) $ (233.8) $ (191.1) $ (255.6) Net loss per share, basic and diluted2 $ (1.71) $ (0.26) $ (1.97) $ (1.61) $ (2.15) Adjusted net loss1, 2 $ (67.0) $ (38.1) $ (105.1) $ (168.7) $ (220.8) Adjusted net loss per share, basic and diluted 1, 2 $ (0.56) $ (0.32) $ (0.88) $ (1.42) $ (1.86) 1. Adjusted results referenced throughout this news release are defined as non-IFRS financial measures. For further details, refer to the "Non-IFRS financial measures" section of this document. 2. Attributable to equity shareholders of the Company. The Company reported an operating loss of $251.4 million for the second quarter of 2025, compared to an operating loss of $28.5 million in the first quarter of 2025. After accounting for adjusting items totaling $200.7 million, consisting of an inventory write-down as well as an asset write-down and impairment charge, the Company's operating loss was $50.7 million for the current quarter. This compares to a similarly adjusted operating loss of $32.2 million in the prior quarter. These results reflect a decline in results for both the lumber and pulp and paper segments. Commenting on the Company's second quarter results, Canfor's President and Chief Executive Officer, Susan Yurkovich, stated: "While our European operations produced solid earnings this quarter, the North American market continued to experience significant challenges reflecting the impact of sluggish demand and a persistent weak pricing environment. During the second quarter, we made the difficult decision to permanently close our Estill and Darlington sawmills in South Carolina following an extended period of sustained financial losses. With punitive US softwood lumber duties combining with ongoing global economic and trade uncertainty, we remain focused on what we can control and will continue to leverage our globally diversified operating platform to combat these headwinds." "For our pulp business" Yurkovich added, "our second quarter results were impacted by trade policy uncertainty between China and the US, which slowed pulp purchasing activity and gave rise to climbing pulp producer inventory levels and a declining US-dollar pulp pricing environment. We anticipate that these challenging conditions will persist well into the third quarter. Consistent with our approach in the lumber business, we are maintaining our focus on safety, reliability, productivity and disciplined cost management." Second quarter lumber segment highlights. For the lumber segment, the operating loss was $229.2 million for the second quarter of 2025, compared to the previous quarter's operating loss of $25.5 million. These results include adjusting items consisting of an asset write-down and impairment charge of $188.6 million and an inventory write-down of $9.2 million. After taking into consideration these adjusting items, the lumber segment operating loss in the second quarter of 2025 was $31.4 million, compared to a similarly adjusted operating loss of $29.2 million in the prior quarter. These results reflect another period of solid earnings from the Company's European operations, largely tied to improved market pricing in that region and a 6% weaker Canadian dollar versus the Swedish Krona ("SEK"), tempered somewhat by log cost escalation in Europe. However, these earnings were overshadowed by challenging results from the Company's North American operations, primarily associated with ongoing weakness in North American lumber benchmark pricing. In June 2025, the Company announced its decision to permanently close its Darlington and Estill sawmills in South Carolina, effective August 2025. The closures follow an extended period of persistently weak market conditions and sustained financial losses. As a result of this announcement, the Company recognized an asset write-down and impairment charge of $188.6 million, as well as restructuring costs of $6.7 million, during the second quarter of 2025. North American housing markets experienced a moderate decline through the second quarter of 2025. Ongoing affordability concerns, combined with general economic and political uncertainty, especially relating to potential US tariffs, continued to dampen demand and slow market activity. These factors led to an increase in housing supply and a reduction in new home construction as well as repair and remodel activity, all of which exerted downward pressure on most North American lumber benchmark prices compared to the previous quarter. In Japan, lumber demand and pricing strengthened as the second quarter progressed, driven largely by an increase in building activity in the current period following a surge in homebuying in the previous quarter ahead of building code changes. In contrast, lumber demand and prices in China remained under pressure throughout most of the second quarter, primarily due to elevated inventory levels in the region. European lumber demand continued to face downward pressure through the second quarter of 2025, principally reflecting affordability challenges and muted consumer sentiment. However, some pressure on lumber inventory supply in the region led to a slight uplift in pricing quarter-over-quarter. On July 22, 2025, the Company announced that its 77%-owned subsidiary, Vida AB, had entered into an agreement with Mattsbo Såg AB and certain minority shareholders to acquire AB Karl Hedin Sågverk ("Hedin") for a purchase price of $164 million (SEK 1.15 billion), which includes approximately $39 million in working capital. Hedin operates three sawmills in Central Sweden and specializes in the production of dimensional and specialty wood products. This acquisition is projected to increase Vida's annual production capacity by 230 million board feet, resulting in a total estimated capacity of 2.1 billion board feet following completion. The transaction is anticipated to close later in 2025, subject to customary closing conditions. On July 25, 2025, the US Department of Commerce announced a final anti-dumping duty ("ADD") rate of 35.56% for the Company for the sixth period of review ("POR6"). When taking into consideration the preliminary countervailing duty ("CVD") rate of 11.87% for POR6 that was announced earlier in 2025, the total combined rate for POR6 is 47.43%. Upon finalization of both CVD and ADD for POR6 (anticipated in early August 2025), the Company anticipates recognizing an estimated expense of $88.3 million (US$64.6 million) in its interim consolidated financial statements for the third quarter of 2025. Lumber segment outlook. Looking ahead, North American lumber demand is anticipated to remain relatively weak through the third quarter of 2025. Ongoing uncertainty, affordability challenges as well as constrained consumer confidence and tariff-related concerns are projected to continue to weigh on near term demand and put downward pressure on prices early in the third quarter. However, a gradual price improvement is forecast later in the third quarter, particularly for Western SPF, as producers look to recover the higher duties that come into effect in August 2025. In addition to the pre-existing CVD and ADD impacts on the Company, Canfor continues to monitor the trade situation between Canada and the US. With a diversified global operating platform, the Company is positioned to mitigate some of these costs, however, potential tariffs do present challenges for the Company's operations. As a result, the Company continues to focus on strengthening domestic markets and its presence in non-US markets. In offshore markets, Japan is anticipated to experience a modest decrease in lumber prices through the third quarter of 2025, as the housing construction backlog eases. China lumber markets are anticipated to remain depressed. In Europe, lumber markets are projected to see further pricing pressure in the third quarter of 2025, as persistent affordability challenges and cautious consumer behaviours are anticipated to keep demand muted. In addition, with lumber inventories being redirected from the Middle East North Africa region into the UK market, it is projected that ample lumber supply will keep prices in that region relatively subdued. Second quarter pulp and paper segment highlights. For the pulp and paper segment, the operating loss was $5.3 million for the second quarter of 2025, compared to operating income of $10.8 million for the first quarter of 2025. After adjusting for a $2.9 million inventory write-down in the current period, Canfor Pulp Product Inc.'s ("CPPI") operating loss was $2.4 million for the second quarter of 2025. These results were largely driven by a decline in both CPPI's average Northern Bleached Softwood Kraft ("NBSK") pulp and paper unit sales realizations in the current quarter and, to a lesser extent, an uplift in pulp unit manufacturing costs. Global softwood pulp markets experienced downward pressure throughout the second quarter of 2025, primarily driven by weak demand from China, largely tied to the impact of new trade policies between China and the US, as well as general global economic uncertainty. As a result, US-dollar NBSK list prices to China, the world's largest pulp consumer, started the quarter at a high of US$798 per tonne, before declining steadily throughout the period, ending June at US$690 per tonne. For the current quarter overall, US-dollar NBSK pulp list prices to China averaged US$734 per tonne, down US$59 per tonne, or 7%, from the prior quarter. As a result of weak demand, global softwood pulp producer inventories climbed significantly through the second quarter of 2025 to well above the balanced range, ending May at 46 days of supply, an increase of 8 days compared to March 2025. Market conditions are generally considered balanced when inventories are in the 32-43 days of supply range. Pulp and paper segment outlook. Looking forward, global softwood kraft pulp market conditions are anticipated to remain weak throughout the third quarter of 2025 as purchasing activity, particularly from China, is forecast to be soft through the traditionally slower summer period, despite the announcement of market curtailments from some Nordic pulp producers. As a result, global pulp producer inventories are forecast to remain well above the balanced range through the third quarter of 2025. CPPI continues to actively monitor developments in the trade relationship between Canada and the United States. In the event that tariffs are imposed on US pulp and paper shipments, CPPI has mitigation strategies intended to largely offset potential impacts. A minor scheduled maintenance outage will take place during the third quarter of 2025 at CPPI's Intercontinental NBSK pulp mill and at its paper machine. This maintenance outage is projected to reduce both NBSK market pulp production and paper production by 2,000 tonnes each. Additional information and conference call. A conference call to discuss the second quarter's financial and operating results will be held on Friday, August 1, 2025, at 9:00 AM Pacific time. To participate in the call, please dial Toll-Free 1-888-510-2154. For instant replay access until August 15, 2025, please dial Toll-Free 1-888-660-6345 and enter participant pass code 18122#. The conference call will be webcast live and will be available at This news release, the attached financial statements and a presentation used during the conference call can be accessed via the Company's website at Non-IFRS financial measures. Throughout this press release, reference is made to certain non-IFRS financial measures which are used to evaluate the Company's performance but are not generally accepted under IFRS and may not be directly comparable with similarly titled measures used by other companies. The following table provides a reconciliation of these non-IFRS financial measures to figures reported in the Company's condensed consolidated interim financial statements: (millions of Canadian dollars) Q2 2025 Q1 2025 YTD 2025 Q2 2024 YTD 2024 Reported operating loss $ (251.4) $ (28.5) $ (279.9) $ (250.8) $ (336.6) Asset write-downs and impairments $ 188.6 $ - $ 188.6 $ 31.6 $ 31.6 Inventory write-down (recovery), net $ 12.1 $ (3.7) $ 8.4 $ 51.4 $ 21.2 Adjusted operating loss $ (50.7) $ (32.2) $ (82.9) $ (167.8) $ (283.8) Amortization $ 102.4 $ 101.1 $ 203.5 $ 120.9 $ 226.5 Adjusted operating income (loss) before amortization, asset write-downs and impairments $ 51.7 $ 68.9 $ 120.6 $ (46.9) $ (57.3)After-tax impact, net of non-controlling interests (millions of Canadian dollars)Q2 2025Q1 2025 YTD 2025 Q2 2024YTD 2024 Net loss3 $ (202.8) $ (31.0) $ (233.8) $ (191.1) $ (255.6) Foreign exchange loss on term debt $ 7.3 $ 1.2 $ 8.5 $ 3.1 $ 9.7 Foreign exchange gain on duty deposits loan $ (14.7) $ (2.5) $ (17.2) $ - $ - (Gain) loss on derivative financial instruments $ (0.7) $ (5.8) $ (6.5) $ (3.9) $ 1.9 Asset write-downs and impairments $ 143.9 $ - $ 143.9 $ 23.2 $ 23.2 Adjusted net loss3 $ (67.0) $ (38.1) $ (105.1) $ (168.7) $ (220.8) 3. Attributable to equity shareholders of the Company. 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 green 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 View original content to download multimedia: Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
