Lumber-Driven Profits in Canada
With so much of its own resources, Canada is a large provider of lumber. The abundance of lumber propels the production of furniture and other wood products such as wood flooring. across the region.
From the lumber yards to the retail stores, there are many companies along the way that make it happen. The Dominion has a vast amount of forests and many unique species of trees, and many of the resulting products are exported around the world.
This extensive sector employs thousands of Canadians. The companies listed below are only a few of the corporate members of the industry.
– West Fraser Timber Co Ltd
This firm is one of the largest producers of sawn wood. After the manufacturing process, the company wholesales the wood to a range of small and large companies, builders, construction companies, and lumber yards.
– Tolko Industries
Tolko is another major manufacturer of forest end-products in Canada. A large number of Canadian lumber companies and/or their divisions or subsidiaries operate in many global locations. These enterprises include:
• Interfor
• Sawmill
• Canfor
– Tekmon
Tekmon is a large Canadian company that operates in the furniture sector. It is known for its innovative products for the residential and commercial markets. This company designs and manufactures all of the furniture you would typically find in every home.
Technology has helped to make the company stand out in some interesting ways. They do a large amount of business with corporate clients. They create modern workspaces, desks, lobby seating, and many other pieces of wood and metal office furniture. The company has stores in many areas of Canada.
Another large user of Canadian lumber is the construction industry. The industry generates billions of dollars into the economy of Canada. Several reports confirm that construction in the region is responsible for more than 1.4 million jobs. This accounts for approximately $140 billion in revenue annually.
To put this into perspective, that figure amounts to about 7.5 percent of Canada’s impressive GDP. When you add in the revenue from the furniture industry, that adds an additional average of 3 percent more per year to the thriving economy of Canada. As these numbers indicate, a piece of lumber is the foundation for great success for many companies in Canada!
