 | |
| Company type | Public |
|---|---|
| TSX: CFP S&P/TSX Composite Component | |
| Industry | Forest Products |
| Founded | Vancouver,British Columbia, Canada |
| Founder | John Prentice and Poldi Bentley |
| Headquarters | Vancouver,British Columbia, Canada |
Key people | Don Kayne,CEO &President; Pat Elliott,CFO, Canfor and Canfor Pulp, and SVP, Sustainability |
| Products | Forest products |
| Revenue |  7.68 billionCAD (2021)[1] |
| 1.91 billionCAD (2021)[1] | |
| 1.34 billionCAD (2021)[1] | |
| Total assets | 6.17 billionCAD (2021)[1] |
| Total equity | 4.01 billionCAD (2021)[1] |
Number of employees | 7,391 (2021)[2] |
| Website | www.canfor.com |
Canfor Corporation is an integratedforest products company based inVancouver,British Columbia.
The company traces its roots to the late 1930s when brothers-in-law John G. Prentice and L.L.G. "Poldi" Bentley and their families left their native Austria just before the outbreak of World War II. They settled in Vancouver and built a small mill that was the beginning of the more than 75-year-old company.
In 2006, the company was subject to aproxy fight between billionairesJim Pattison andStephen A. Jarislowsky, who owned 30% and 18% of the firm's shares, respectively. Pattison won and ousted CEO Jim Shepherd over Canfor's poor performance and declining share price, which saw Jim Pattison appointed interim CEO.[3]
| Financial Information | |||
|---|---|---|---|
| 2010 | 2009 | 2008 | |
| Net Sales (C$M) | 2, 436 | 2, 120 | 2, 610 |
| Net Earnings (C$M) | 161.3 | -62.8 | -345.2 |
Canfor's operating loss for 2024 was $942.2 Million, as indicated by their Q4 2024 Quarterly Results, in addition to an operating loss of $532 Million in 2023 .[4]
Poldi Bentley's sonPeter Bentley (1930-2021) was the Chairman Emeritus of the Board of Directors. Canfor producessoftwood lumber, specialty wood products, andengineered wood products. Canfor also owns a controlling share in Canfor Pulp Limited, which produces northern softwoodkraft pulp andkraft paper in BC.[5]
As of 2016, the company has an annual production capability of 5.9 billion board feet of lumber, 1.1 million tonnes of northern softwood market kraft pulp, approximately 220,000 tonnes of BCTMP and 140,000 tonnes of kraft paper.[6][7]
Operations or offices are located in:[8]
On November 15, 2018 Canfor announced that it had entered into an agreement to acquire a 70% share of the Vida Group, a wood products company based in Sweden. The prior owners of Vida maintain a 30% share and manage day-to-day operations.[9]
Canfor formerly owned theEnglewood Railway onVancouver Island, but sold it toWestern Forest Products in 2006.[10]
Canfor has 6,380 employees as of 2016.[11]
Canfor is a member of theForest Products Association of Canada.
{{cite web}}:Missing or empty|title= (help)|title=Canfor losses equate to just shy of $1 Billion|{{cite web}}: CS1 maint: archived copy as title (link)| International | |
|---|---|
| National | |
