West Fraser to Invest $150 million in Five U.S. South Lumber Mills
Original Source:
Canadian Lumber Producers to Expand U.S. Mills Amid Home Boom
Canadian Lumber Producers to Expand U.S. Mills Amid Home Boom
West Fraser Timber Company released their Q1 2021 earnings report on Thursday (5-6-21) in preparation for their earnings call on Friday, May 7, 2021. In the report, West Fraser announced in their lumber segment that they expected to invest approximately $150 million at five of their U.S. South lumber mills under the strategic capital program. Investments at the target mills will expand capacity, increase the mix of higher margin 2x4s, and reduce fixed and variable production costs.
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.