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Canfor Says Effective Mar 30, Canadian Lumber Production Will Be Curtailed By About 70 Million Board Feet, Over Three-Week Period
Canfor Reports Q4 Adjusted Loss Per Share $0.06
Great Pacific Says Co Terminates Arrangement Agreement With Canfor
Canfor Corporation is an integrated forest products company. The Company produces softwood lumber, pulp and paper products, remanufactured lumber products, engineered wood products, wood pellets and energy. Its segments include lumber, and pulp and paper. Its lumber segment includes logging operations, and manufacturing and sale of various grades, widths and lengths of lumber, engineered wood products, wood chips and wood pellets. Its lumber operations also include a finger-joint plant, two glulam plants, a whole-log chipping plant and a trucking division. The Pulp and Paper segment consists of three northern softwood market Kraft pulp mills and the Taylor pulp mill, all of which are owned and operated by Canfor Pulp Products Inc. (CPPI) in British Columbia. Its pulp and paper segment includes purchase of residual fiber, and production and sale of pulp and paper products, including Northern Bleached Softwood Kraft and Bleached Chemi-Thermo Mechanical Pulp, as well as energy revenues.
100-1700 75th Ave W
Conrad A. Pinette
Independent Chairman of the Board
Peter J. G. Bentley
Independent Chairman Emeritus of the Board
Donald B. Kayne
President, Chief Executive Officer, Director
Alan R. Nicholl
Chief Financial Officer, Senior Vice President - Finance
President - Canfor Southern Pine
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* CANFOR - EFFECTIVE MARCH 30, CANADIAN LUMBER PRODUCTION WILL BE CURTAILED BY ABOUT 70 MILLION BOARD FEET, OR ABOUT 40%, OVER THREE-WEEK PERIOD
Canada's main stock index fell at the open on Tuesday and was set to break its three-day winning streak, with shares of lumber products company Canfor Corp leading declines.
Canadian lumber products company Canfor Corp <CFP.TO> has rejected Great Pacific Capital Corp's proposal to take it private.
Great Pacific Capital Corp has offered to take private Canadian integrated forest products company Canfor Corp <CFP.TO> at C$16 per share, or about C$2 billion ($1.51 billion) overall, payable in cash, it said on Sunday.
* Q1 EARNINGS PER SHARE VIEW C$0.88 -- THOMSON REUTERS I/B/E/S
* U.S. HOUSING MARKET IS FORECAST TO CONTINUE ITS ONGOING GRADUAL RECOVERY THROUGH 2018
* Q3 earnings per share view c$0.37 -- Thomson Reuters I/B/E/S
* Q2 earnings per share view C$0.54 -- Thomson Reuters I/B/E/S
* Unifor, PPWC, and Canfor sign pulp and paper sector tentative agreement
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.