West Fraser Announces Temporary Production Curtailments in British Columbia
West Fraser announced temporary production curtailments during which all mill activities will be curtailed for one week in June at five British Columbia sawmills: Chetwynd, Quesnel, Williams Lake, Smithers and Fraser Lake.
The decision to implement this temporary reduction is due to sustained weak pricing in global lumber markets and high log costs.
Lumber production is anticipated to be reduced by approximately 30 million board feet. Over the previous six months including this most recent announcement, West Fraser has implemented temporary and permanent capacity curtailments of approximately 125 million and 300 million board feet respectively.
West Fraser shares trade on the Toronto Stock Exchange under the symbol: “WFT”.
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