Lower lumber prices and decreased shipments contribute to reduced revenue.
Western Forest Products
Western Forest Products intends to offer voluntary severance to the remaining 60 APD employees.
The Partnership will manage an allowable annual cut of 904,540 cubic metres of timber and includes a long-term fibre agreement to support Western’s British Columbia coastal manufacturing operations.
The Company plans to continue accelerating its transition to higher value products with approximately $35 million of investments for two additional continuous dry kilns at the Duke Point sawmill in Nanaimo and Value-Added Division in Chemainus, British Columbia.