Canfor will invest $30 million at its Polar facility in Bear Lake, north of Prince George, BC, to replace the existing sawmill and to produce higher-value products, company officials said Wednesday at the company’s annual general meeting in Prince George.
Canfor will also pump $6 million into its Fort St. John sawmill’s log yard stabilization project.
Canfor’s officials used the occasion to describe the $850 million in investments made since 2010 in company equipment and facilities to improve productivity.
