Canfor Announces Non-Cash Asset Write Down, Impairment Charge
Canfor Corp. has announced that it will record a non-cash asset write down and impairment charge totaling approximately $321 million in its fourth quarter of 2025 results. Of this amount, $215 million relates to the Company’s lumber segment and $106 million relates to its pulp and paper segment.
In the lumber segment, the impairment is associated with the Company’s European operations and reflects ongoing log supply pressures in the region, which have resulted in significant increases in log costs and reduced asset carrying values.
In the pulp segment, the impairment reflects sustained declines in global US-dollar pulp list prices as well as continued challenges in securing economically viable fibre necessary to support operations.
This impairment charge is non-cash in nature and does not affect Canfor’s liquidity position, cash flows or day-to-day operations.
Latest News
ALC Fall Tradition Travels To Maine In 2023
NEWRY, Maine – Logging industry professionals and advocates from throughout the U.S. (and a few from beyond) converged on the far northeastern state for this year’s American Loggers Council annual meeting on October 4-6. The theme for this year’s conference was “Family Tradition,” and indeed, the ALC annual meeting has become an annual tradition every fall for many logging families. In conjunction with the Professional Logging Contractors of the Northeast (see news), Maine native Andy Irish, who served as ALC President for the 2022-2023 term, hosted the conference in his home state…
WANT MORE CONTENT?
Spanning seven decades since its inception in 1952, Timber Harvesting highlights innovative and successful logging operations across the U.S. and around the world. Timber Harvesting also emphasizes new technology and provides the best marketing vehicle for the industry’s suppliers to reach the largest number of loggers in North America and beyond.
Call Us: 800.669.5613