West Fraser Timber Co. Ltd.

West Fraser Timber Co. Ltd.

June 15, 2009 18:18 ET

West Fraser to Further Reduce Lumber Production

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 15, 2009) - West Fraser (TSX:WFT) today announced additional lumber production curtailments at three of its B.C. sawmills in response to continuing weak markets.

West Fraser intends to implement market-related curtailments at each of its Houston, 100 Mile and Chasm sawmills. Curtailments will be implemented by shutdowns of the three facilities for at least two weeks commencing June 29, 2009. Restarting operations is dependent upon market conditions which will be reviewed weekly.

This News Release contains certain statements about potential future developments, in particular, the Company's plans to curtail lumber production and then restart operations. These are forward-looking statements and are presented to provide reasonable guidance to the reader but their accuracy depends on a number of assumptions and is subject to various risks and uncertainties. Actual outcomes and results may differ materially from those anticipated or projected. Accordingly, readers should exercise caution in relying upon forward-looking statements and the Company undertakes no obligation to publicly revise them to reflect subsequent events or circumstances except as required by law.

West Fraser is an integrated wood products company producing lumber, LVL, MDF, plywood, pulp, linerboard, kraft paper and newsprint.

West Fraser shares trade on the Toronto Stock Exchange under the symbol: "WFT".

Contact Information

  • West Fraser Timber Co. Ltd.
    Gerry Miller, Executive Vice-President, Finance
    and Chief Financial Officer
    (604) 895-2700
    West Fraser Timber Co. Ltd.
    Rodger Hutchinson
    Vice-President, Corporate Controller
    (604) 895-2700
    (604) 681-6061 (FAX)