Western Forest Products Inc. Announces Temporary Production Curtailments
Western Forest Products Inc. (“Western” or the “Company”) announced temporary production curtailments at three of its sawmills to align production volumes to match current customer demand. Western will curtail its Duke Point sawmill for two weeks and its Saltair sawmill for one week in June. The Company will also reduce operating levels from 120 hours per week to 80 hours per week at its Chemainus sawmill.
“The temporary production curtailments are necessary due to challenging market conditions,” said Don Demens, Western’s President and CEO. “The challenge of weak markets is compounded by the disproportionate impacts of softwood lumber duties on high value products, including Western Red Cedar.”
The curtailment is expected to reduce production by approximately 15 million board feet. Western has an annual lumber capacity in excess of 1.1 billion board feet.
About Western Forest Products Inc.
Western is an integrated forest products company building a margin-focused log and lumber business to compete successfully in global softwood markets. With operations and employees located primarily on the coast of British Columbia and Washington State, Western is a premier supplier of high-value, specialty forest products to worldwide markets. Western has a lumber capacity in excess of 1.1 billion board feet from eight sawmills and four remanufacturing facilities. The Company sources timber from its private lands, long-term licenses, First Nations arrangements, and market purchases. Western supplements its production through a wholesale program providing customers with a comprehensive range of specialty products.
Stephen Williams – Executive Vice President & CFO – (604) 648-4500
Source: Western Forest Products Inc.