Conifex funding of up to $11 million from the Government of Canada will support a modernization program at the company’s Mackenzie sawmill in British Columbia, subject to conditions.

Key Takeaways

  • The funding comprises up to $10 million in repayable contributions and up to $1 million in non-repayable contributions.
  • Conifex said it must meet funding conditions and finance its share of the modernization costs.

Conifex funding for sawmill modernization

Conifex Timber announced the funding on October 28, 2026. The contributions, delivered through Pacific Economic Development Canada under the Regional Tariff Response Initiative, are intended to support equipment, infrastructure and related improvements at the sawmill.

The company expects the modernization program to improve productivity, operational efficiency and competitiveness. Those benefits are not guaranteed, and Conifex said it may not receive all or any portion of the funding.

Program scope and project conditions

The initiative’s eligible pivot activities include productivity improvements, process modernization and equipment adoption. That program guidance describes eligible activities generally; it does not confirm the details of Conifex’s funding.

Conifex said its expectations depend on meeting the funding terms, financing its share of project costs and completing the modernization as anticipated. The company also warned that the project could be delayed, cost more than expected or fail to deliver the anticipated improvements.

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