West Fraser Timber Co. Ltd.
TSX : WFT

West Fraser Timber Co. Ltd.

March 20, 2009 19:18 ET

West Fraser ("WFT") to Temporarily Curtail Plywood Production

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 20, 2009) - West Fraser (TSX:WFT) today announced plywood production curtailments in response to continuing weak demand. West Fraser will implement one-week curtailments at its two B.C. plywood facilities commencing March 30, 2009. Approximately 600 full and part-time employees will be affected by these curtailments. These curtailments reflect the continuing weakening of demand as the downturn of the Canadian housing market continues.

This News Release contains certain statements about potential future developments, in particular, the Company's plans to curtail future plywood production. 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.

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 (FAX)
    or
    West Fraser Timber Co. Ltd.
    Rodger Hutchinson
    Vice-President, Corporate Controller
    (604) 895-2700
    (604) 681-6061 (FAX)
    Website: www.westfraser.com