Economics

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Canfor New Investment

Interesting Press release from Canfor: "February 11, 2011 – Vancouver, B.C. – Canfor Corporation (TSX:CFP) announced today that, following a review with its Board of Directors, the Company will be proceeding with capital improvement projects totaling $62 million at its Vavenby, Polar and Plateau operations in British Columbia. The projects are part of a capital spending plan for 2011 totaling $145 million, and a three year strategic plan that calls for total investment in sawmill improvement projects of $300 million. Following completion of the capital upgrades at its Vavenby mill, Canfor will be restarting this operation sometime in the third quarter...

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