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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

Bullboard Posts
Post by kijijion Jun 06, 2019 10:24pm
87 Views
Post# 29804652

ANNOUNCES TEMPORARY PRODUCTION CURTAILMENTS

ANNOUNCES TEMPORARY PRODUCTION CURTAILMENTS
Western Forest Products Inc. will have temporary production curtailments at three of its sawmills to align production volumes to match current customer demand. Western will curtail its Duke Point sawmill for two weeks and its Saltair sawmill for one week in June. The Company will also reduce operating levels from 120 hours per week to 80 hours per week at its Chemainus sawmill.
 
"The temporary production curtailments are necessary due to challenging market conditions," said Don Demens, Western's President and CEO. "The challenge of weak markets is compounded by the disproportionate impacts of softwood lumber duties on high value products, including Western Red Cedar."
 
The curtailment is expected to reduce production by approximately 15 million board feet. Western has an annual lumber capacity in excess of 1.1 billion board feet.
Bullboard Posts