International Forest Products

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International Forest Products Limited (TSXIFP.A) (Interfor for short) is one of the Pacific Northwest's largest producers of wood products. The company's sawmilling operations have a combined manufacturing capacity of 1.6 billion board feet of lumber with sales to North America, Asia-Pacific and Europe. Interfor is based in Vancouver, BC and provides employment to approximately 3000 people. The company is publicly traded on the TSX.[1]

Quick Facts[edit]

Canadian Ownership
Established 1979
Exporting: Yes
Primary Industry (NAICS): 113311-Logging (except contract)
Primary Business Activity: Manufacturer/Processor/Producer
Total Sales ($CDN) 500,000,000+/
TSX address: TSE:IFP.A
Website: www.interfor.com
Corporate Headquarters: Bentall Tower Four, 3500-1055 Dunsmuir St., Vancouver BC V7X 1H7 5

History[edit]

Corporate Structure[edit]

  • Duncan K. Davies-President (CEO)
  • John A. Horning-Senior VP (CFO)
  • James E. McMillan-Director
  • E. Lawrence Sauder-Chair
  • Bill Schulte-Vice President Coastal Woodlands
  • Richard J. Slaco-Vice President;
  • John P. Sullivan-Director;[3]

Products[edit]

Interfor produces lumber for residential, commercial and industrial applications. The Company also specializes in products manufactured from Douglas Fir and Hemlock used for millwork, doors, windows, treated products, Japanese house components and bridge timbers. Interfor utilizes five species of wood in its products-Western Hemlock, Western Red Cedar, Douglas fir, Ponderosa pine and Lodgepole pine.

Sawmills[edit]

Interfor has sawmills in British Columbia (BC), Washington, Oregon, and Georgia. In BC this includes two sawmills (Acorn and Hammond) on the Coast; two sawmills in the Kootenay region (Grand Forks and Castlegar); and one sawmill in the Southern Interior region near Kamloops (Adams Lake). In the U.S. the company operates two sawmills and a remanufacturing plant in Washington (Port Angeles, Beaver and Cedarprime). There are also two sawmills in Oregon (Molalla and Gilchrist). In Georgia, the company operates three sawmills (Baxley, Swainsboro and Eatonton).

Environmental Record[edit]

Interfor's forest operations have been independently certified to internationally recognized standards.

Manufacturing[edit]

Sawmills are Chain of Custody (CoC) certified. Chain-of-Custody (CoC) certification tracks logs from harvest through the manufacturing process. Interfor mills have been independently audited by KPMG performance Registrar Inc. to meet Program for Endorsement of Forest Certification (PEFC) and Sustainable Forestry Initiative® (SFI) CoC certification requirements. In addition, select Interfor mills are also Forest Stewardship Council® (FSC®) CoC certified.

Woodlands[edit]

Interfor's BC coast and Adams Lake Woodlands have been certified to SFI since 2001.

Third party certification to credible SFM standards has emerged as an innovative, voluntary tool to recognize good stewardship and promote continual improvement. Forest planning, harvesting and the Environmental Management System (EMS) that provides the structure for identifying, addressing and managing environmental issues are subject to annual external audits.

The Sustainable Forestry Initiative (SFI) is an international standard for certification of forest land. It is a comprehensive system of principles, objectives and performance measures - developed by scientists, foresters and conservationists - that combines the perpetual growing and harvesting of trees with the protection of wildlife, plants, soil and water quality.

Interfor maintains an Environmental Management System (EMS) for its woodlands operations as a component of its SFI Program. The EMS has been in place and fully functioning since 1999.

Awards and Accomplishments Interfor was awarded an SFI Inc. Conservation Leadership Award (2009) for collaborative work with First Nations to implement land use plans in the BC central coast. Interfor was a co-recipient of the World Wildlife Fund (WWF) – Gift to the Earth Award (2007) as a partner in Coast Forest Conservation Initiative (CFCI). Interfor was awarded a Forest Leadership Partnership Award (2005) for collaborative work on land use plans for BC coast region from the United Nations Environmental Program – Millennium Business Award for environmental achievement.Interfor has maintained successful certification and surveillance audits by independent auditors (KPMG Performance Registrar Inc. and Smartwood)since 2001 (SFI certified) and select coastal operations certified to FSC BC Standard since 2009.


Source: Forest Innovation Investment - [1] BC Ministry of Forests - [2] Forest Products Information Portal – [3] Coast Forest Conservation Initiative – [4]

Financials[edit]

Interfor is well-positioned to withstand further market uncertainty and to take advantage of opportunities that are expected to arise in the next future. In particular, increased demand from China and other offshore markets, along with on-going production curtailments, have contributed to improved demand/supply balances and higher prices on most commodity items. Total Sales ($CDN): $500,000,000 +

References[edit]

  1. ^ Interfor website. Corporate profile. Retrieved September 27, 2010 from http://www.interfor.com/interfor/profile/overview/html
  2. ^ Draffan, G. Interfor profile. Endgame online. Retrieved October 4, 2010 http:/www.endgame.org
  3. ^ FPinfomart: Interfor corporate structure. Retrieved October 1, 2010 from http://www.fpinfomart.ca/fpsn/snap_display.php?key=fp%7Cfpsn%7C3600

External links[edit]