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Canfor

@canfor.com

Canfor is a global leader in producing sustainable wood-building solutions.

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About

Description

Canfor, short for Canadian Forest Products, is a leading integrated forest products company based in Vancouver, British Columbia, Canada. It was founded in 1938 as Consolidated Mining and Smelting Company of Canada Limited (Cominco), primarily involved in mining and smelting operations. However, in the 1950s, Canfor made a strategic shift towards the forestry industry and became a prominent player in the sector.


Canfor's headquarters are located in Vancouver, British Columbia. The company operates various manufacturing facilities in Canada, the United States, and Europe. The headquarters serves as the central hub for the management and coordination of Canfor's operations on a global scale.


Canfor is primarily engaged in the production of lumber, pulp, and paper products. It operates across the entire forestry value chain, including logging, sawmilling, remanufacturing, and marketing of lumber products. Canfor's product lineup includes softwood and hardwood lumber, engineered wood products, pulp, and paper products.


On a global scale, Canfor operates through its subsidiaries and joint ventures. Canfor Pulp, a subsidiary, specializes in the production of pulp, which is used in the manufacturing of paper products. Additionally, Canfor has international partnerships and joint ventures in Asia and Europe to expand its global presence and access new markets.


In terms of market position, Canfor is one of the largest lumber producers in Canada and holds a significant share of the North American market. The company's global sales have steadily grown over the years, contributing to its solid position in the industry. Canfor faces competition from other major players in the sector, such as West Fraser, Interfor, and Resolute Forest Products.


Throughout its history, Canfor has achieved several noteworthy milestones. In recent years, the company has focused on strategic acquisitions and investments to strengthen its presence in key markets. For example, in 2019, Canfor acquired Vida Group, a Swedish wood processing company, to expand its footprint in Europe.


Such initiatives have allowed Canfor to diversify its product offerings and secure new business opportunities. As of the latest available information, Canfor is operating profitably and continues to be a recognized leader in the forest products industry. The company remains committed to sustainable forestry practices and has emphasized its dedication to environmental stewardship.


Canfor's focus on innovation and operational excellence positions it for continued growth and success in the global marketplace

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Company Type

Public Company

Company Size

5001-10,000

Year Founded

1938

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