West Fraser Timber Co. Ltd. says it lost US$153 million in its fourth quarter, a steeper loss than US$94 million a year earlier. Sales for the quarter ended Dec. 31 were US$1.5 billion, down from US$1.6 billion. West Fraser president and CEO Sean McLaren says the fourth quarter saw continued weakness in demand for the company's North American lumber and European panel products, though demand was resilient for other products. The company announced in January that it would permanently wind down and close its Fraser Lake, B.C., sawmill because ...
Register for unlimited access
We work hard to bring you the latest news in the world of the international wood industry. The article you are currently reading is available only to registered users.By registering you gain access to:
- Thousands of quality articles
- In-depth analyses of market trends
- Exclusive market price insights
- And much more!
