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  West Fraser Timber to Close Sawmill Due to Fiber Costs, Soft Lumber Markets
[Jan 10, 2024]



  
West Fraser Timber said it will close its sawmill in Maxville, Fla., and curtail operations at its sawmill in Huttig, Arkansas, citing high fiber costs and soft lumber markets.

The closure of the Florida sawmill will affect about 80 employees, while the indefinite curtailment of operations at the Arkansas facility will affect 140 employees, the company said. West Fraser said it will offer work opportunities at other company operations to affected employees.

The moves will reduce West Fraser's U.S. lumber capacity by about 270 million board feet.

The company said the low price of commodities has made it harder for them to run both mills profitably. The moves will better align lumber capacity with demand.

West Fraser said it expects to book restructuring and impairment charges of about $50 million in the fourth quarter.

About West Fraser
West Fraser is a diversified wood products company with more than 60 facilities in Canada, the United States, the United Kingdom, and Europe. From responsibly sourced and sustainably managed forest resources, the Company produces lumber, engineered wood products (OSB, LVL, MDF, plywood, and particleboard), pulp, newsprint, wood chips, other residuals, and renewable energy. West Fraserí»s products are used in home construction, repair and remodelling, industrial applications, papers, tissue, and box materials. For more information about West Fraser, visit www.westfraser.com.

SOURCE:  West Fraser


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