Canfor Corp. (TSE:CFP) has released an update.
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Canfor Corporation has announced the acquisition of the El Dorado lumber facility from Resolute El Dorado Inc. for US$73 million, aiming to enhance its presence in Arkansas and bolster production capacity to 175 million board feet annually with a $50 million upgrade. The strategic move seeks to leverage regional synergies and high-quality timber supply, promising community engagement and continuity in local operations dating back over a century.
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