Interfor Corporation
TSX : IFP

Interfor Corporation
Ilim Timber

Ilim Timber

October 16, 2014 12:24 ET

Interfor to Market Ilim Timber's Products in North America

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 16, 2014) -

Editors Note: There is a photo associated with this Press Release

Interfor Corporation (TSX:IFP) ("Interfor") and Ilim Timber announced today they have reached an agreement under which Interfor will market Ilim Timber's European lumber products in North America.

"This agreement allows Interfor to offer North American customers more choice," said Steven Hofer, Senior Vice President, Sales and Marketing, Interfor. "We already have one of the broadest ranges of lumber products in the world, and Ilim Timber's European spruce and red pine lumber is a perfect complement to our existing whitewood program."

"Ilim Timber welcomes the opportunity to market quality sawn goods from our German mills under the Interfor brand," said Carsten Doehring, CEO, Business Unit Germany. "As one of the biggest German exporters, Ilim Timber sees good potential in cooperation with Interfor, a strong and proactive player in the North American lumber market."

The first shipment of European spruce and red pine will arrive on the eastern seaboard of the US in the second half of October this year.

The sales agreement builds on the relationship between Interfor and Ilim Timber and follows Interfor's acquisition earlier this year of two sawmills in the US South from a subsidiary of Ilim Timber.

ABOUT INTERFOR

Interfor is a growth-oriented lumber company with operations in Canada and the United States. The Company has annual production capacity of 2.4 billion board feet (3.8 million m3) and offers one of the most diverse lines of lumber products to customers around the world. For more information about Interfor, visit our website at www.interfor.com.

ABOUT ILIM TIMBER

Ilim Timber is a leading global export-oriented volume manufacturer of sawn goods and softwood plywood, with operations in Germany and Russia. The consolidated annual production capacity of Ilim Timber is more than 1.7 billion board feet (2.65 million m3) of sawn timber and 271,000 MSF (240 000 m3) of plywood. Find more details at www.ilimtimber.com.

To view the photo associated with this press release, please visit the following link: http://www.marketwire.com/library/20141016-Timber800.jpg

Contact Information

  • Steven Hofer
    Senior Vice President, Sales & Marketing
    Interfor
    Tel: 360-788-2201

    Svyatoslav Bychkov
    Executive Director, Communications
    Ilim Timber
    Tel: +7-921-949-7660