Canfor sees positive trends in lumber, eyes global growth

By Ahmed Abdulazez Abdulkadir
March 7, 2024
Category: Business & Politics
Region: Canada, United States

During a recent earnings call, Canfor provided insights into its operational and financial strategies amidst varying market conditions. The company highlighted improvements in the lumber market, particularly in European, MENA, and Asian regions, attributing it to low inventories and the need for replenishment. Despite this, increased shipments to the US are not expected until the second quarter due to planning and supply chain logistics. Canfor’s capital expenditure plans remain on track, with the Houston rebuild project progressing without changes to strategic projects. The company also emphasized its strength in the Southern platform and the cost position of its Swedish assets. …Canfor anticipates global growth and continues to assess mergers and acquisitions in Europe and the US. …In conclusion, Canfor Corporation remains resilient in the face of market fluctuations, with a clear focus on strategic growth and operational efficiency. 

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