Canfor Corporation

Canfor Corporation

May 01, 2009 17:35 ET

Canfor Announces Mackenzie Mill Restart

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 1, 2009) - Canfor Corporation (TSX:CFP) announced today that it will be restarting operations at its Mackenzie sawmill this summer. The decision to restart operations in Mackenzie comes as a result of the Company's efforts to increase its production of value-added products. The mill will return to operation with a single shift. This decision will result in the production of 80 million board feet of SPF lumber, on an annualized basis. The restart of operations in Mackenzie will directly employ approximately 60 people, in addition to suppliers and contractors associated with the operation.

Forward Looking Statements

Certain statements in this press release constitute "forward-looking statements" which involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. Words such as "expects", "anticipates", "intends", "projects", "plans", "will", "believes", "seeks", "estimates", "should", "may", "could", and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are based on management's current expectations and beliefs and actual events or results may differ materially. There are many factors that could cause such actual events or results expressed or implied by such forward-looking statements to differ materially from any future results expressed or implied by such statements. Forward-looking statements are based on current expectations and the Company assumes no obligation to update such information to reflect later events or developments, except as required by law.

Canfor is a leading integrated forest products company based in Vancouver, British Columbia (BC) with interests in BC, Alberta, Quebec, Washington state, and North and South Carolina. The Company produces the most softwood lumber in BC, while also producing oriented strand board (OSB), remanufactured lumber products and specialized wood products. Canfor also owns a 50.2% interest in Canfor Pulp Limited Partnership, which is one of the largest producers of northern softwood kraft pulp in Canada and a leading producer of high performance kraft paper. Canfor shares are traded on the Toronto Stock Exchange under the symbol CFP.

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