Brief: West Fraser Announces Indefinite Curtailment Of Perry Sawmill

West Fraser Timber Co

10/01/2023 22:01

West Fraser Timber Co Ltd  WFG.TO :
    * WEST FRASER ANNOUNCES INDEFINITE CURTAILMENT OF PERRY
SAWMILL
    * WEST FRASER TIMBER CO LTD - INDEFINITE CURTAILMENT OF
PERRY
SAWMILL WILL IMPACT APPROXIMATELY 126 EMPLOYEES
    * WEST FRASER TIMBER CO LTD - CURTAILMENT WILL REDUCE WEST
FRASER'S US LUMBER PRODUCTION BY 100 MILLION BOARD FEET
    * WEST FRASER TIMBER CO LTD - EXPECTS TO MITIGATE IMPACT ON
EFFECTED EMPLOYEES BY PROVIDING WORK OPPORTUNITIES AT OTHER WEST
FRASER OPERATIONS
    * WEST FRASER TIMBER CO LTD - INDEFINITE CURTAILMENT OF
PERRY
SAWMILL BETTER ALIGNS OUR PRODUCTION CAPACITY WITH DEMAND
    * WEST FRASER TIMBER CO LTD - HIGH FIBER COSTS AT PERRY AND
A
LOW-PRICE COMMODITY ENVIRONMENT HAVE IMPAIRED ITS ABILITY TO
PROFITABLY OPERATE
    * WEST FRASER TIMBER CO LTD - ANTICIPATES TAKING AN
IMPAIRMENT
CHARGE IN Q4 OF 2022 ASSOCIATED WITH INDEFINITE CURTAILMENT

Source text for Eikon:  ID:nPn846kJca 
Further company coverage:  WFG.TO