Canfor Announces Capital Investments in Mackenzie Sawmill

Canfor Announces Capital Investments in Mackenzie Sawmill 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/18/13 -- Canfor
Corporation (TSX:CFP) announced today that the Company will be
proceeding with capital improvement projects totalling approximately
$40 million to increase productivity and recovery at its sawmill in
Mackenzie, British Columbia (B.C.). 
The investment will include modifications and upgrades to the
sawmill, kilns and planer. 
"Our fibre supply in the Mackenzie region is strong and this
announcement reflects confidence in our ability to operate an
internationally-competitive mill in this community," said Don Kayne,
President and CEO of Canfor Corporation. 
The capital project will commence in January 2013, with anticipated
completion in November 2013. 
This announcement brings the total dollar value of the Company's
capital investments to ensure competitive operation of its British
Columbia solid wood, pulp and paper facilities to $600 million over
the last three years. The reopening of our Vavenby and Radium mills
after significant capital investments resulted in the creation of 305
direct jobs, combined with significant downstream benefits to local
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", "projects", "intends", "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 Canfor and the
Purchaser assume no obligation to update such information to reflect
later events or developments, e
xcept as required by law. 
Canfor is a leading integrated forest products company based in
Vancouver, British Columbia (BC) with operations in BC, Alberta,
Quebec and North and South Carolina. Canfor produces primarily
softwood lumber, and also produces bleached chemi-thermo-mechanical
pulp and specialized wood products. Canfor also owns a 50.2% interest
in Canfor Pulp Products Inc., 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.
Media Contact:
Christine Kennedy
Vice President, Public Affairs & Corporate Communications
(604) 661-5225 
Investor Contact:
Pat Elliott
Vice President & Treasurer
(604) 661-5441
Press spacebar to pause and continue. Press esc to stop.