So far this morning the march and May contracts have gone over the $500 mark.
No wonder with all of these lumber mill closures.Last night, another announcement was done by
Western forest.
WORKING GROUP TO EXPLORE SOLUTIONS FOR WESTERN'S ALBERNI-PACIFIC DIVISION
Western Forest Products Inc. will not restart its Alberni-Pacific division (APD) facility in its current configuration and has established a multiparty working group to explore potential viable industrial manufacturing solutions for the facility. The mill has been curtailed since fall 2022.
In 2022, Western, Tsawak-qin Forestry Limited Partnership and Huu-ay-aht First Nations commissioned the Beck Group to look at long-term economically viable primary manufacturing options for APD. The report concludes the options for APD are very limited.
Over the next 90 days, the working group, which includes representatives from Western, the United Steelworkers union, Indigenous partners and contractually-aligned business, will explore potential viable industrial manufacturing solutions for the site.
"We believe the coastal forest sector has a strong future and we have and plan to continue to invest in partnerships, people and facilities to achieve a long-term sustainable business model in BC that evolves with the changing fibre supply, forest policies and global markets," said Western's CEO Steven Hofer. "We are committed to exploring options with partners to advance potential solutions for the APD facility and appreciate the support of the working group members who have stepped up and joined us in this important work."