Lumber Market Conditions Remain Dire Amid Sky-High B.C. Log Costs for West Fraser
Market challenges weighed on second-quarter adjusted EBITDA for West Fraser, coming in at only CAD 56 million, down substantially versus the year prior. Low lumber prices and rapidly rising log costs in Western Canada dented profitability for West Fraser across all of its segments. Management announced further lumber curtailments with its second-quarter earnings, bringing total permanent curtailments to over 600 mmbf on an annual basis, or around 15% of its Canadian capacity. While we expect con...West Fraser Timber is an integrated wood products company producing lumber, newprint, wood chips, plywood, panels and pulp and paper products.
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