Western Forest Products Announces 1-Week Curtailment at British Columbia Sawmills

Western Forest Products announced that effective Monday, March 23rd, it intends to curtail all of its manufacturing facilities currently operating in British Columbia due to the COVID-19 virus pandemic and its impact on operations. The planned curtailment at this time is scheduled for one-week. During that time the Company will re-evaluate business and operating conditions to determine when these manufacturing operations will resume. Packaging and shipping of lumber products will continue. Also due to a lack of logs the Cowichan Bay and Ladysmith sawmills will remain curtailed into the second quarter. Western also announced that it will also take steps to minimize its planned capital expenditures in 2020. The Company plans to incur only safety, environmental and committed capital expenditures in the near-term. Going forward discretionary capital will remain on hold until there is greater operational certainty.

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Original Source:
Western Announces Temporary Production Curtailments