| Canfor Corporation | |
| Type: | Public |
| Traded As: | S&P/TSX Composite Component |
| Foundation: | Vancouver, British Columbia, Canada |
| Founder: | John Prentice and Poldi Bentley |
| Location: | Vancouver, British Columbia, Canada |
| Key People: | Don Kayne, CEO & President; Pat Elliott, CFO, Canfor and Canfor Pulp, and SVP, Sustainability |
| Revenue: | 7.68 billion CAD (2021) [1] |
| Operating Income: | 1.91 billion CAD (2021) |
| Net Income: | 1.34 billion CAD (2021) |
| Assets: | 6.17 billion CAD (2021) |
| Equity: | 4.01 billion CAD (2021) |
| Num Employees: | 7,391 (2021) [2] |
| Industry: | Forest Products |
| Products: | Forest products |
| Homepage: | www.canfor.com |
Canfor Corporation is an integrated forest products company based in Vancouver, British Columbia.
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]
| 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 | |
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]
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.