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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

Post by phoenix_traderon Feb 16, 2022 7:26pm
195 Views
Post# 34436010

$130 mill cash, no debt, 2022 capex now $10 mill.

$130 mill cash, no debt, 2022 capex now $10 mill.Western Forest will continue to evaluate opportunities to invest strategic and discretionary capital in jurisdictions that create the opportunity to grow long-term shareholder value. The company expects to focus near-term internal strategic capital investments on projects that reduce manufacturing costs or address kiln drying and planer capacity constraints on the B.C. Coast. These potential investments will help support growth of the company's specific product line initiatives, as well as add value to its products. The company has approximately $10-million in strategic capital projects currently under way in British Columbia, and Western Forest continues to evaluate opportunities to invest in the competitive positioning of the company's value-added operations. The company will evaluate all capital allocation decisions after considering its operating results, financial condition, cash requirements, financing agreement restrictions, and other factors or financial metrics that may be deemed relevant.
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