West Fraser Lowers 2025 Lumber Shipment Targets Amid Weak Demand

Posted on October 23, 2025

On Wednesday, West Fraser Timber announced that it has reduced its 2025 lumber shipment targets, citing continued muted demand in Q3 that has carried into Q4. The update was included in the company’s quarterly financial results.

West Fraser is lowering the upper end of its shipment targets as follows:

  • Shipments of SPF lumber are now targeting 2.6–2.7 billion board feet, down from the previous range of 2.6–2.8 billion.
  • SYP shipments are targeted at 2.4–2.5 billion board feet, compared with 2.4–2.6 billion earlier.

The company added that softer demand for OSB products in its North American engineered wood products segment also continued into Q4, a trend it said was broadly consistent with expectations. West Fraser reaffirmed its 2025 OSB shipment target of 6.3–6.5 billion square feet (3/8-inch basis).

Based on its current outlook, and assuming no further deterioration in demand and no additional lengthening of lead times for projects underway or planned, the company expects capital expenditures to remain between $400 million and $450 million for 2025.

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