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Western Forest Products Inc T.WEF

Alternate Symbol(s):  WFSTF

Western Forest Products Inc. is a Canada-based integrated forest products company building a margin-focused log and lumber business to compete in global softwood markets. The Company’s primary business is the sale of lumber and logs, which includes timber harvesting, sawmilling logs into specialty lumber, value-added lumber and glulam remanufacturing, and wholesaling purchased lumber. It has a lumber capacity of approximately 885 million board feet from six sawmills, as well as operates four remanufacturing facilities and two glulam manufacturing facilities. The Company's product categories include outdoor living, exterior appearance, LIFESTYLE CEDAR, interior living, structural, industrial and WFP engineered products. Its outdoor living products include decking, timbers and fencing products. Its LIFESTYLE CEDAR products include LIFESTYLE CEDAR Decking and LIFESTYLE CEDAR Fencing. Its WFP Engineered Products include curved and arched glulams, straight glulams, and fabricated trusses.


TSX:WEF - Post by User

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Post by BigBearLivingon Dec 13, 2018 10:45pm
124 Views
Post# 29114000

Western Forest Products gets good audit on TFL 39

Western Forest Products gets good audit on TFL 39

Western Forest Products gets good audit on TFL 39

Market: Standing timber
 
Posted 7 hours ago
An audit of Western Forest Products Inc. on tree farm licence 39 (TFL 39) has found Western met the requirements of the Forest and Range Practices Act and the Wildfire Act, according to Forest Practices Board.
 
“The board commends Western for its good practices in TFL 39,” said Kevin Kriese, board chair. “This is the third time the board has audited TFL 39 since 2008, looking at a different geographic area of the TFL each time, and all three audits found full compliance with forest practices legislation.”
 
TFL 39 is made up of four geographically distinct blocks. Two of those blocks were the subject of this audit. Block 2 is located near Sayward on Vancouver Island and Block 5 is located on the mainland in the Phillips River watershed.
 
Block 5 is within the Great Bear Rainforest. There has been no logging there since 2007, but Western still retains reforestation and road maintenance obligations.
 
In Block 2, Western harvested approximately one million cubic metres of timber during the one-year audit period. It was also responsible for maintaining over 3,000 kilometres of road and 264 bridges in the two blocks, among other activities. All forest activities carried out between July 2017 and July 2018 were subject to audit.
 
The Forest Practices Board is B.C.’s independent watchdog for sound forest and range practices

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