West Fraser Announces Temporary Production Curtailments in British Columbia
West Fraser announced it will implement temporary production curtailments over the holiday period at four of its British Columbia sawmills. The Company’s operations in Chasm, 100 Mile House, Williams Lake and Chetwynd are all affected by the decision. Ted Seraphim, CEO of West Fraser stated, “Challenging lumber markets and high log costs coupled with log supply constraints have necessitated this difficult decision.” The curtailments are expected to reduce SPF lumber production by approximately 25 million board feet in 2018.
About West Fraser
West Fraser is a diversified wood products company producing lumber, LVL, MDF, plywood, pulp, newsprint, wood chips and energy with facilities in western Canada and the southern United States.
Contact:
Chris Virostek – Vice President Finance & CFO – (604) 895-2700
Source: West Fraser Timber Co. Ltd.
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