News
Canfor to buy Alberta cogen facility

Aug. 4, 2011, Vancouver – Canfor
Corporation is proceeding with capital improvement projects totalling $46.7
million at its Grande Prairie, Alberta, facility and at its Prince George
Sawmill in British Columbia.

In Grande Prairie, investments include the
purchase of a cogeneration facility from TransAlta and a planer upgrade. A
planer upgrade at Prince George Sawmill was also included in the approved
capital investment package.

The projects are part of a capital spending
plan for 2011 totalling $140 million, and a three year strategic plan that
calls for total investment in sawmill improvement projects of $300 million.