Western Forest Products Inc.
TSX : WEF

Western Forest Products Inc.

August 23, 2010 20:00 ET

Western Reaches Agreement With United Steelworkers Union

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 23, 2010) - Western Forest Products Inc. (TSX:WEF) ("Western" or "the Company") is pleased to announce that a new four year labour contract with the United Steelworkers union has been ratified by a majority of union members. Approximately 2,400 Western and contractor employees are covered under this contract which will expire on June 15, 2014.

"This is great news for our employees, customers, investors, and communities," said President and CEO, Steve Frasher. "This is an important next step in our continuing efforts to recover from the worst market conditions the industry has experienced in a generation," Frasher added.

"Throughout these difficult last few years our employees and the United Steelworkers union have been strong partners as we have worked to improve margins, manage production and inventory, and find new market opportunities," said Frasher. "Our last two profitable quarters reflect this successful joint effort," Frasher added.

Western Forest Products

Western is an integrated Canadian forest products company and the largest coastal British Columbia woodland operator and lumber producer with an annual available harvest of approximately 7.4 million cubic metres of timber of which approximately 7.1 million cubic metres is from Crown lands and lumber capacity in excess of 1.5 billion board feet from eight sawmills and four remanufacturing plants. Principal activities conducted by the Company include timber harvesting, reforestation, sawmilling logs into lumber and wood chips and value-added remanufacturing. Substantially all of Western's operations, employees and corporate facilities are located in the coastal region of British Columbia while its products are sold in over 25 countries worldwide.

Contact Information

  • Western Forest Products Inc.
    Stephen Frasher
    President and CEO
    (250) 715-2207
    or
    Western Forest Products Inc.
    Gary Ley
    Media Contact
    (604) 787-5467
    www.westernforest.com