West Fraser Announces Output Reductions at Lumber and Panel Mills during Q3
Original Source:
West Fraser Declares Dividend and Provides Operational Update
West Fraser Declares Dividend and Provides Operational Update
West Fraser announced the reduction of between 5% and 10% of output during July and August. According to their operational update, wildfires in BC, slowing orders, resin shortages, transportation interruptions and overall inventory levels all led to the cutback in production. The company anticipates the reduced operating rates to remain in place through the remainder of the third quarter.
FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.