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Canfor Southern Pine will invest US$25M to modernize its Hampton County facility in South Carolina; upgrades include new technology and equipment to help meet growing global demand for its wood products, are expected to be completed by end of 2022

Scotia Capital maintains Canfor at sector outperform and lowers target by C$3 to C$42, sees lumber prices finishing above projections in Q2; SPF prices expected to stabilize soon as buyers likely have to resume purchases to meet ongoing customers' needs

RBC highlights wood products news for the week (May 29): Lumber, OSB prices remain under pressure; Canfor to implement two weeks of rotating downtime across its primary sawmills in July, August; carpenters union in Ontario ends strike that began on May 9

Canfor to cut lumber output at Western Canada sawmills by about 275 mmbf by end of August, in addition to 100 mmbf reduction announced March 30; inventory levels are high amid global supply challenges, limiting ability to transport products to customers

Canfor extends curtailment at Taylor pulp mill in BC for 'extended period of time,' after cutting production in February due to transportation shortages; supply chain backlog, rail car shortage will continue to affect Taylor mill through summer, into fall

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