02:10:29 EST Mon 26 Feb 2024
Enter Symbol
or Name

West Fraser Timber Co Ltd
Symbol WFG
Shares Issued 81,273,936
Close 2023-02-07 C$ 116.91
Market Cap C$ 9,501,735,858
Recent Sedar Documents

West Fraser to curtail Quesnel ops in spring, fall

2023-02-07 17:38 ET - News Release

An anonymous director reports


West Fraser Timber Co. Ltd. plans to curtail operations at Cariboo Pulp & Paper located in Quesnel, B.C., beginning in mid-April for a month and then for another month in the third quarter.

Today's decision is the result of the decline in availability of sawmill residuals. The fibre supply challenge in British Columbia is well documented. Infestation, fire and government policy decisions have all impacted the amount of available fibre in the province.

Downtime at Cariboo Pulp & Paper will help better align the company's production capacity this year with the available fibre supply. These plans may be adjusted should fibre forecasts change.

Cariboo Pulp & Paper expects to mitigate some of the impact on its affected employees through vacation scheduling and alternative work assignments.

Cariboo Pulp & Paper is jointly owned by West Fraser and Mercer International.

About West Fraser Timber Co. Ltd.

West Fraser is a diversified wood product company with more than 60 facilities in Canada, the United States, the United Kingdom and Europe. From responsibly sourced and sustainably managed forest resources, the company produces lumber, engineered wood products (OSB, LVL, MDF, plywood and particleboard), pulp, newsprint, wood chips, other residuals and renewable energy. West Fraser's products are used in home construction, repair and remodelling, industrial applications, papers, tissue, and box materials.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.