Canfor Corporation is excited to announce it will invest approximately $160 million USD to build a new, state-of-the-art sawmill near DeRidder, Louisiana. The Company is pleased to be receiving significant state and local incentives in support of the project. The facility will have an annual production capacity of 250 million board feet on a two-shift basis and will directly employ about 130 people plus create significant additional indirect jobs. The Louisiana facility will have manufacturing capacity and flexibility to produce a wide variety of highvalue wood products for our customers. Startup is expected to commence late in the third quarter of 2022. The investment in Louisiana is in addition to the approximately $300 million of 2021 capital spending, including about $200 million for the solid wood and pulp operations in Western Canada and $100 million for the solid wood operations in the U.S. South.
Lecta has appointed Alain Gaudré as Lecta CFO. Starting on October 26th, he will be reporting to Eduardo Querol, Lecta CEO. Alain Gaudré will also be appointed as an additional member to the Board of Directors of Lecta Ltd.
Alain Gaudré has been working as CFO across different industries, including the automotive and packaging industries, and is experienced within both the international and industrial environments.
Eduardo Querol stated “I am very pleased to welcome Alain to Lecta. His background and broad experience will bring added value to our team”.
Alain Gaudré holds a degree from Sup de Co Reims Business School and an International Finance Masters from IHFI.