Strong Pulp Prices Should Help Ease the Pain of Low Lumber Prices for West Fraser in 2019
Lumber supply constraints and increases in U.S. homebuilding facilitated an exceptionally strong year for West Fraser in 2018. Adjusted EBITDA leaped by 33% to CAD 1.5 billion, due to robust wood product prices early in the year and the recent purchase of Gilman Forest Products. However, high prices have encouraged the introduction of additional capacity in the U.S. South. Also, U.S. homebuilding growth slowed in the fourth quarter, leading to a decline in lumber and panel prices. Although high ...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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