07:12:32 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Western Forest Products Inc
Symbol WEF
Shares Issued 316,745,557
Close 2023-06-12 C$ 1.07
Market Cap C$ 338,917,746
Recent Sedar Documents

Western Forest to cut 19M board feet of production

2023-06-12 17:11 ET - News Release

Mr. Stephen Williams reports

WESTERN FOREST PRODUCTS INC. ANNOUNCES TEMPORARY PRODUCTION CURTAILMENTS IN BRITISH COLUMBIA

Western Forest Products Inc. today released plans to temporarily reduce its lumber production over the next month by approximately 19 million board feet due to weak market conditions.

The temporary reduction in lumber production will be spread across certain sawmills in the company's British Columbia manufacturing platform through the remainder of June and into early July. Remanufacturing and shipping operations will continue uninterrupted. Lumber production at impacted sites is expected to resume in mid-July depending on market conditions and available log supply.

The company will continue to evaluate market conditions with a view to maintain a balance between production and demand.

About Western Forest Products Inc.

Western is an integrated forest products company building a margin-focused log and lumber business to compete successfully in global softwood markets. With operations and employees located primarily on the coast of British Columbia and Washington state, Western is a premier supplier of high-value, specialty forest products to worldwide markets. Western has a lumber capacity in excess of 1.0 billion board feet from seven sawmills. It also operates four remanufacturing facilities and two glulam manufacturing facilities. The company sources timber from its private lands, long-term licences, first nations arrangements and market purchases. Western supplements its production through a wholesale program providing customers with a comprehensive range of specialty products.

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