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October 30, 2017 5:24 pm

Canfor AGM to Mark 75th Anniversary

Wednesday, May 1, 2013 @ 3:57 AM
Prince George, B.C. – Canfor has long said its roots are in this community, and today, the Annual General Meeting will mark the company’s 75 years of growth.

 

From the humble beginnings of a sawmill on the banks of the Fraser River, Canfor is now a world leader   in lumber production .

 

The Annual General Meeting will take place at the Prince George Playhouse this afternoon, and will be followed by an invitation only reception at the Civic Centre.

 

The company celebrated the official anniversary in February at a special luncheon in Prince George.

 

The company will release it’s first quarter results at the AGM.

Comments

Canfor also had a world class apprenticeship program; now they just go the government with their hands out!

Canfor is a world class company that employs people in high paying jobs. AND Canfor pays multi millions in taxes at all levels. In addition Canfor has been an outstanding corporate citizen that has contributed millions to local charities, causes, and other community needs through their operational areas. Canfor has also invested hundreds of million to advance the technology of their mills so they can stay ahead of the fierce global competition in the forest industry, and staying ahead means preserving the company and the jobs it creates.

So does Denaljo really think that the government programs that help keep Canfor a leader in technology and environment stewardship is a waste of money, and Canfor shouldn’t be included ?????

Canfor also announced millions in sawmill purchases and upgrades while people from Rustads lost their homes. They cheaped out on their severance too by saying the sawmill was a partial permanent shutdown. They wouldn’t hire some of the older employees at their other operations. Oh Canfor does have roots but they are up somewhere else, not in the community.

Bend over!

Canfor upgraded mills in parts of the province that still has trees to feed the mill, AAC in this region will continue to decline and money was invested in Mackenzie, Polar and PG Sawmills. Rustads was shuttered as it would have cost the most to bring up to standard.

As for not hiring older employees, what I see is a guy who has sat in a booth pushing buttons for 30 years who when standing and looks down cannot see if his boots are on. If hired at another mill would start at the bottom of the totem pole chasing a broom and shovel and could not handle the physical requirements.

“lonesome” is exactly right….you dont upgrade an old mill if the trees are going to cost you a fortune to get them to that mill…..

Good business says build, buy, or upgrade mills where there are lots of trees to keep it profitable.

If a company like Canfor didnt make good business decisions…they would be history and there would be no Canfor jobs…anywhere!!!

I have to agree with you Denaljo. The bottom line for Canfor is profit. Now they are trying to dump the
Rustad site on to the dum government to clean up that will cost millions before any work can be done

And guess who else is involved in this project. The BID group. Some of it members were involved in the Prince George hotel scheme.
Cheers

Still on good business decisions….the Canfor pulp mills are world leaders in both operational and environmental technology….and they provide good high paying jobs because they have done all the right things to be ahead of the fierce global pulp and paper competition….AND they did get federal money a couple years ago to add to their hundred millions investment in these technology upgrades…

So I say good for Canfor and good for the federal government recognizing them as worthy recipients of availbale technology directed funding.

“The bottom line for Canfor is profit.”

Canfor is a public for profit company so you are just stating the obvious. Canada is not the communist utopia that you envision where everything is owned by the government.

lomesome sparrow you will always be lonesome. Your brain has stop working.
Cheers

Really?! You turn to personal attacks because someone has a different opinion?

Lonesome sparrow that is what you call discrimination! And some of those 30 year button pushers didn’t have Dunlop desease.

There was a 110,000 million plan for Rustads because one of the ole boys from upper Fraser was now plant manager. The Plateau upgrade was such a disaster they didn’t want to take a chance on Rustads. Guess whom did the Plateau upgrade? Non other than BID Comact. Is the place even running up to expectations now? Nope! The money should of went into Rustads. But you can thank the Slocan group for that. They actually managed to buy Canfor with Canfors money!

I wonder what would of happened if the Rustad management team actually reported the dust explosion that happened at Rustads before it shutdown. Maybe if it was reported properly they could of saved some lives. But they chose to sweep it under the carpet!

Now there is a root for ya!

One Hundred and ten thousand million dollar plan for Rustad….that must have been HUGE.

I would think that every plant manager worth his salt would have a upgrade plan ready to dust off at a moments notice to sell to upper management if and when the time comes.The decision about which mill to upgrade happens way over the mill managers head and is ultimately up to the CEO VPs and the board as they are the ones who set the long term strategy for the company.

The last few years that the mill ran were the logs to keep it running not from Mackenzie(actually Bear Valley across Williston Lake)? If one sawmill is to be upgraded it might as well be the one closest to the timber supply and save the addition transportation costs….hence Canfor MacKenzie.

Maybe it was the 30 year button pusher file in the HR department that was a little thick around the middle and that is what influenced the hiring decisions at the other mills:P

At least you can read lonesome sparrow and with that skill you should understand that I meant 110 million.

Funny you say that every plant manager has a plan. This particular good ole boys group still works for Canfor. They got their brand new mill but it is a white elephant.
When Rustads was still private they bought up a lot of other sawmills for their timber rights. So keeping Rustads in logs should of been easy and cheap. They are right beside the railway and a lot of logs were being railed in. Where are clear lakes logs going?

Restarting Mckenzie was all political. Two weeks before the election Mckenzie restart is announced! Two weeks after Rustad temperary shutdown announced. Ironic isn’t it!

Looking at the capital investments that Canfor has recently made found the following:

MacKenzie $40 million
Elko $40 million
Radium $38 million
Kootenay $40 million

So if Rustad required $110 million to bring it up to today’s standard it is obvious that the right business decision was made. They modernized three mills for what it would have cost for that one.

The log supply will continue to shrink in this area as a result of the BK and it could mean the closure of another mill in the next few years….maybe even Plateau if their numbers are at the bottom.

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You should have taken your severance check and invested the whole lot on Canfor stock, would have doubled or tripled your money and would now be on easy street. Still some upside for the next year or two but at a slower pace than the past year, I think SP will top out somewhere around thirty bucks, maybe a little more if lumber goes to 500.

How would any company keep existing if it did not make a return on the money invested in it? As long as a company pays all its taxes and pays its employees the wage they both agreed on and the benefits, as long as it operates within the environmental requirements in a safe manner….why begrudge it the profits that it may make?

Unless of course profit making is declared to be unethical and immoral for political gains.

You forgot the White elephant out near Vanderhoof….120 million + lonesome sparrow.

Rustad didn’t need 110 million, what they needed was a new planer. The Sawmill out-performed the planer like crazy. They had to ship out unplaned lumber to PG Sawmill because PG Sawmills upgrade was a disaster. That kept PG Sawmill people working in the planer otherwise they would of been laid off. In 2007-2008 Rustads profit was 50 million dollars net, the highest in Canfor. They didn’t put a nickle back into the place…they basically ran it into the ground. Once the upper fraser managment blew the planer upgrade with a grandious complete rebuild idea the days of Rustads staying open were numbered.

Once the news came that the money wasn’t coming soon the “A”team was sent to the white elephant to see if they could get it running better. The poor guy from NCP was left with picking up the pieces of a broken mill.

Canfor screwed Rustads Period!

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