Western Forest Products Inc. is reducing lumber production in its British Columbia (B.C.) sawmills by approximately 30 million board feet during the period from October to December 2024.

For the full year of 2024, the company estimates total lumber production will be reduced by approximately 90 million board feet, which includes approximately 30 million board feet in the third quarter of 2024. The total estimated reduction for 2024 equates to approximately 10 percent of the company’s annual lumber capacity.

According to the company, the temporary curtailments are due to a combination of market challenges, including weaker lumber demand and higher U.S. softwood lumber duty rates and factors relating to the B.C. operating environment creating a lack of available economic log supply at certain sawmills.

“We continue to face more challenging lumber markets and operating conditions and are taking proactive steps to match production to market demand,” said Western’s President and CEO Steven Hofer. “With the potential for the combined U.S. softwood lumber duties rate to more than double in the second half of 2025, all levels of government need to be focused on creating a policy environment that supports the forestry industry and encourages domestic investment.”

Western is one of the largest private sector employers on Vancouver Island, supporting 3,500 jobs in nearly 20 communities in B.C.

The company says it will continue to monitor market conditions and intends to adjust its operations consistent with market demand.

Source: hbsdealer.com