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EXPANSION: CANFOR ESTABLISHES NEW BUSINESS UNIT

VANCOUVER, BC — Canfor Corp. has created a new subsidiary to develop and sell its resource-management technologies to the forestry, mining and oil and gas sectors. Genus Resource Management Technologies’ Internet-based software — called Genus — gives users access to a wide array of resource-management data, maps and other specialized information — all part of what is called resource management information systems (RMIS). For forestry companies, the technology is expected to help cut logging fees by more accurately reporting and planning tree harvests. For instance, Canfor said that the use of RMIS has decreased stumpage costs by over $5 million and generally reduced forestry management costs. “The results are clear – the company has achieved significant new cost efficiencies while at the same time greatly improving resource stewardship and regulatory compliance,” said David Emerson, Canfor’s president and chief executive officer. Besides Canfor, Pope & Talbot, Weyerhaeuser and the BC Forests Ministry have used the system. Canfor said that in the next 18 months, it will be seeking to sign up partners and make alliances.