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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 Freezerburnon Mar 23, 2020 9:30am
86 Views
Post# 30836895

But this makes sense

But this makes sense

Western Forest Products Inc. (WEF-Tannounced that it will curtail its B.C. manufacturing facilities for up to one week starting Monday “due to the evolving COVID-19 pandemic and its impact on operating conditions.”

 

During this period, the company said it will "re-evaluate business and operating conditions to determine when these manufacturing operations will resume."

It said the packaging and shipping of lumber products will continue to meet customer requirements. “The ongoing curtailments at the ccompany’s Cowichan Bay and Ladysmith sawmills are expected to continue into the second quarter due to limited log supply and weak market demand.”

Bullboard Posts