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West Fraser Declares COVID-19 production modifications

Posted on April 1, 2020

West Fraser's has implemented production modification in view of mandatory and recommended governmental restrictions Effective March 23, plywood production will be stopped at the company’s Quesnel plywood facility until April 6; resulting in reduction by 5,000 msf per week Effective March 30, lumber production at all British Columbia sawmills will be cut for one week resulting in additional 24 million board feet elimination Plywood production at the Company's Alberta Plywood and Slave Lake Veneer facilities will be stopped until April 6; leading to reduction of additional 6,500 msf per week. Plan is to also reduce capital spending for 2020 by $75 million by deferral of projects