Canfor Europe Appoints Vida CEO Måns Johansson as New President

Last week Canfor highlighted the strength of its European softwood business in its updated financial results.

Wed 09 Aug 23


Måns Johansson has been appointed President of Canfor Europe.

Lesprom reports that Mr Johnansson will remain CEO of Vida, Sweden’s largest sawmill group.

Vida operates nine sawmills in southern Sweden with an annual production capacity of 1.1 billion board feet. 

The sawmills produce spruce and pine products in Sweden’s high-quality and sustainable fibre regions. 

In addition, VIDA has nine value-added facilities that include premium packaging, modular housing, industrial products and energy. 

Before being appointed CEO, Mr Johnansson served as Managing Director of Vida Wood from 2004 to 2019 – helping Vida become Sweden’s largest supplier of wood packaging.

Since 2019, Canfor has had a 70% majority stake in Vida as part of Canfor’s global diversification strategy.

“With the acquisition of VIDA, we are excited to become a truly international manufacturer and provider of wood product solutions for our global customers,” former Don Kayne, President and Chief Executive Officer of Canfor, said in a media statement at the time of the acquisition.

“This transformational growth will allow Canfor to diversify further and secure a worldwide fibre supply to meet the growing demand of our customers for high-quality wood products.”

Last week, Wood Central reported that Canfor reported a USD 67 million loss for the second quarter, with a USD 37.9 million loss from its pulp division.

Canfor highlighted its successful sawmill operations in Europe and the South of the United States with “persistent challenges in British Columbia” and “significant deterioration in global pulp market fundamentals.”

“These results, for the most part, reflect the impact of substantial global pulp pricing declines in the current quarter driven by elevated global market pulp producer inventory levels and weak global softwood pulp demand,” Canfor Pulp said.

According to Canfor, global softwood pulp market fundamentals and pricing experienced considerable pressure “as tepid global demand was combined with rising global softwood pulp producer inventory levels.”


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