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  Canfor sells pulp mill in Taylor for $7M

[Feb 8, 2024]

TAYLOR -- CanforĄ¯s pulp mill in Taylor is being sold for $7 million to an undisclosed buyer.

Canfor Pulp Products Inc. says itĄ¯s entered an agreement to sell the mill, which produces bleached chemi-thermo mechanical pulp.

President and CEO Kevin Edgson says the new owner is committed to the sale. The deal is expected to close during the first quarter of 2024.

Edgson says repurposing the site and developing a long-term plan that will benefit the community.

Just over a year ago, Canfor closed the pulp line at its Prince George mill, blaming a lack of fibre.

The company reported a loss for the third quarter of 2023, due in part to soft global pulp market conditions.

Source: canfor.com