Canfor

Canfor Corporation is an integrated forest products company based in Vancouver, British Columbia.

Canfor Corporation

Company type	Public
Traded as	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 billion CAD (2021) [1]
Operating income	1.91 billion CAD (2021) [1]
Net income	1.34 billion CAD (2021) [1]
Total assets	6.17 billion CAD (2021) [1]
Total equity	4.01 billion CAD (2021) [1]
Number of employees	7,391 (2021) [2]
Website	www.canfor.com

History

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 a proxy fight between billionaires Jim Pattison and Stephen 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]

Current status

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 son Peter Bentley (1930-2021) was the Chairman Emeritus of the Board of Directors. Canfor produces softwood lumber, specialty wood products, and engineered wood products. Canfor also owns a controlling share in Canfor Pulp Limited, which produces northern softwood kraft pulp and kraft 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]

• Camden, SC
• Conway, SC
• Darlington, SC
• DeRidder, LA
• El Dorado, AR
• Elko, BC
• Fulton, AL
• Graham, NC
• Grande Prairie, AB
• Hermanville, MS
• Jackson, AL
• Moultrie, GA
• Myrtle Beach, SC
• Prince George, BC
• Radium, BC
• Thomasville, GA
• Washington, GA
• Wynndel, BC

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 the Englewood Railway on Vancouver Island, but sold it to Western Forest Products in 2006.^[10]

Canfor has 6,380 employees as of 2016.^[11]

Canfor is a member of the Forest Products Association of Canada.