The company traces its roots to the late 1930s when brothers-in-law John G. Prentice and L.L.G. "Poldi" Bentley (surname changed from Bloch-Bauer of the famous Bloch-Bauer family of Vienna, Austria) 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 statusedit
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
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.[4]
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.[5][6]
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.[8]
^"Canfor to acquire majority interest in vida group of sweden". Canfor.com. Retrieved November 15, 2018.
^(PDF). Canfor.com. Archived from the original (PDF) on March 5, 2012. Retrieved August 13, 2018.
^"Workforce". Canfor.com. Retrieved August 13, 2018.
External linksedit
Canfor Corporation website
Canfor Careers website
Canfor Pulp website November 2, 2015, at the Wayback Machine
May 02, 2024
canfor, corporation, integrated, forest, products, company, based, vancouver, british, columbia, corporationcompany, typepublictraded, astsx, composite, componentindustryforest, productsfoundedvancouver, british, columbia, canadaheadquartersvancouver, british,. Canfor Corporation is an integrated forest products company based in Vancouver British Columbia Canfor CorporationCompany typePublicTraded asTSX CFP S amp P TSX Composite ComponentIndustryForest ProductsFoundedVancouver British Columbia CanadaHeadquartersVancouver British Columbia CanadaKey peopleDon Kayne CEO amp President Alan Nicholl Executive VP Bio Based Solutions amp Pulp Operations ProductsForest productsRevenue7 68 billion CAD 2021 1 Operating income1 91 billion CAD 2021 1 Net income1 34 billion CAD 2021 1 Total assets6 17 billion CAD 2021 1 Total equity4 01 billion CAD 2021 1 Number of employees7 391 2021 2 Websitewww canfor com Contents 1 History 2 Current status 3 References 4 External linksHistory editThe company traces its roots to the late 1930s when brothers in law John G Prentice and L L G Poldi Bentley surname changed from Bloch Bauer of the famous Bloch Bauer family of Vienna Austria 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 editFinancial Information 2010 2009 2008 Net Sales C M 2 436 2 120 2 610 Net Earnings C M 161 3 62 8 345 2 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 4 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 5 6 Operations or offices are located in 7 Bear Lake BC Camden SC Chetwynd BC Conway SC Darlington SC DeRidder LA El Dorado AR Elko BC Fort St John BC Fulton AL Graham NC Grande Prairie AB Hermanville MS Houston BC Jackson AL Moultrie GA Myrtle Beach SC Prince George BC Radium BC Thomasville GA Vanderhoof BC 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 8 Canfor formerly owned the Englewood Railway on Vancouver Island but sold it to Western Forest Products in 2006 9 Canfor has 6 380 employees as of 2016 10 Canfor is a member of the Forest Products Association of Canada References edit a b c d e 2020 Financial statement canfor com Canfor s Competitors Revenue Number of Employees Funding Acquisitions amp News Owler Company Profile Retrieved September 30 2023 Canfor CEO steps down amid shakeup The Globe and Mail March 31 2007 Retrieved February 20 2018 Canfor Lumber Pulp Paper amp Sustainable Wood Products Canfor com Retrieved August 13 2018 Archived copy PDF Archived from the original PDF on December 1 2017 Retrieved December 1 2017 a href Template Cite web html title Template Cite web cite web a CS1 maint archived copy as title link Jimmy Got Mad Archived from the original on November 3 2012 Retrieved July 30 2012 Our Operations Canfor s Manufacturing Facilities Canfor com Retrieved August 13 2018 Canfor to acquire majority interest in vida group of sweden Canfor com Retrieved November 15 2018 Values Our Mission Vision and Values PDF Canfor com Archived from the original PDF on March 5 2012 Retrieved August 13 2018 Workforce Canfor com Retrieved August 13 2018 External links editCanfor Corporation website Canfor Careers website Canfor Pulp website Archived November 2 2015 at the Wayback Machine Retrieved from https en wikipedia org w index php title Canfor amp oldid 1215245035, wikipedia, wiki, book, books, library,
