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BRIEF-West Fraser To Reduce British Columbia Lumber And Plywood Operating Schedules And Production

Published 2019-09-09, 06:05 p/m
© Reuters.  BRIEF-West Fraser To Reduce British Columbia Lumber And Plywood Operating Schedules And Production
WFG
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West Fraser Timber Co Ltd WFT.TO :

* WEST FRASER TO REDUCE BRITISH COLUMBIA LUMBER AND PLYWOOD OPERATING SCHEDULES AND PRODUCTION

* WEST FRASER TIMBER CO LTD - ACTIONS WILL RESULT IN AN ESTIMATED DECREASE OF PRODUCTION IN RANGE OF 15-25% OF CURRENT B.C. LUMBER PRODUCTION

* WEST FRASER TIMBER CO LTD - WOULD CURTAIL B.C. PLYWOOD PRODUCTION FOR 2 WEEKS REDUCING OUTPUT BY ABOUT 9 MSF

* WEST FRASER TIMBER CO LTD - CURTAILMENT OF PLYWOOD OPERATIONS IN B.C. ARE EXPECTED TO COMMENCE SEPTEMBER 16, 2019

* WEST FRASER TIMBER - POTENTIAL EFFECT OF REVISED OPERATING SCHEDULES COULD BE REDUCTION BY UP TO ABOUT 100 MILLION BOARD FEET THROUGH TO END OF YEAR

* WEST FRASER TIMBER - PRODUCTION REDUCTIONS AND CURTAILMENTS ARE A RESULT OF SUSTAINED WEAK MARKETS, PRICING IN WOOD PRODUCT MARKETS AND HIGH LOG COSTS

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