Kafus AllGreen MDF Certified as Responsible Forest Product
Boston - February 29, 2000 - Kafus Industries Ltd. (AMEX: KS) and its 85.5% owned subsidiary, The CanFibre Group Ltd. (CDN: CFGL), are thrilled to announce that CanFibre's AllGreen™ MDF Riverside plant has begun commercial shipments of its premium MDF to Home Depot. CanFibre's ability to ship to Home Depot represents the most significant milestone yet achieved at the Riverside facility.
As reported in its news release of January 19, 2000, Home Depot initially agreed to carry AllGreen™ MDF throughout its nine state Northwest region representing a minimum of 64 stores. Home Depot's initial order has now been expanded to include a total of 180 stores throughout the Western United States.
"This is an historic moment for CanFibre," stated Chris Carl, CanFibre President. "The beginning of shipments to Home Depot has confirmed our ability to manufacture some of the finest MDF panel ever produced. The skeptics have long suggested that CanFibre could never commercially produce high quality MDF," continued Mr. Carl. "All I can say now is that with Riverside being in commercial production; with our Lackawanna plant due to start ramp-up this summer; and with development underway in Chicago and Amsterdam, it's clear that we're here to stay."
Home Depot's purchase of AllGreen™ MDF is a direct result of their ongoing commitment to support sustainability in building products. Apart from recognizing the unique environmental characteristics of CanFibre's AllGreen™ MDF, Home Depot is helping to close the sustainability loop by recycling their store wood waste through the Riverside plant.
CanFibre's manufacturing facility, located in Riverside, California, is the first panelboard plant in North America to make MDF from 100% recycled urban wood waste. CanFibre Riverside annually diverts over 150,000 tons of material from landfills and saves the equivalent of 3,000 acres of trees from being cut.
AllGreen™ MDF represents a major revolution in the panelboard industry. For the first time ever the industry can now acquire MDF having the market advantage of being green combined with the premium characteristics of moisture resistance and zero incremental formaldehyde emissions. CanFibre AllGreen™ MDF will also be produced as a series of specialty boards offering superior moisture resistance and fire retardation at an affordable price.
AllGreen™ MDF is North America's first medium density fiberboard to wear the Green Cross Logo from Scientific Certification Systems for its 100% recycled wood fiber content and its zero incremental formaldehyde emissions. AllGreen™ MDF also carries the SmartWood emblem qualifying it as a neutral core for manufacturers seeking Forest Stewardship Council certification.
Kafus is an emerging global manufacturer of superior materials produced from sustainable resources.
DIRECT ALL INQUIRIES TO:
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Tony Francel Manager, Investor Relations Kafus Industries Ltd. Tel: (941) 698-8920 Fax: (781) 326-5105 Website: www.kafus.com |
Chris Carl President The CanFibre Group Ltd. Tel: (416) 681-9990 Fax: (416) 681-9992 Website: www.canfibre.com |
The foregoing contains forward-looking statements, which are subject to a number of contingencies and uncertainties. Such forward-looking statements are not guarantees of future performance, and are based on numerous assumptions about future conditions that could change. Kafus is subject to a number of risks, which are set forth in its filings with the Securities Exchange Commission.