VANCOUVER, BC, Dec. 4, 2025 /PRNewswire/ – West Fraser Plank Co. Ltd. (“West Fraser” or the “Company”) (TSX andNYSE: WFG) introduced as of late that it is going to indefinitely curtail its orientated strand board (OSB) mill in Prime Stage, Alberta within the spring of 2026 following an orderly wind-down and intake of the mill’s present wood provide.
These days’s resolution is the results of a vital weakening of OSB call for and is predicted to drop West Fraser’s capability through 860 million sq. toes (3/8-inch). West Fraser expects to mitigate the affect at the approximate 190 affected staff on the web page through offering paintings alternatives at alternative corporate operations, the place to be had.
West Fraser additionally showed that the idling of one in all its manufacturing traces at its Cordele, Georgia OSB facility since overdue 2023 will proceed indefinitely. The idled manufacturing sequence at Cordele has a capability of 440 million sq. toes (3/8-inch).
Probably the most important makes use of for West Fraser’s North American OSB merchandise are residential development (sheathing, sub-flooring, roof decking, and so on.), restore and remodelling and commercial programs. The Prime Stage mill has been within the West Fraser folk for the reason that OSB sequence of industrial was once obtained in 2021.
West Fraser expects to document an roughly $200 million asset impairment loss within the fourth quarter of 2025 in reference to the indefinite curtailment of the Prime Stage OSB mill.
About West Fraser
West Fraser is a different log merchandise corporate with greater than 50 amenities in Canada, the USA, the United Kingdom, and Europe, which promotes sustainable woodland practices in its operations. The Corporate produces lumber, engineered log merchandise (OSB, LVL, MDF, plywood, and particleboard), pulp, newsprint, log chips, and alternative residuals. West Fraser’s merchandise are impaired in house development, restore and remodelling, commercial programs, papers and tissue. For more info about West Fraser, seek advice from www.westfraser.com.
Ahead-Having a look Statements
This information drop incorporates forward-looking data or forward-looking statements (jointly, “forward-looking statements”) inside the which means of acceptable securities rules, together with the ones when it comes to the Corporate’s indefinite curtailment of its Prime Stage OSB mill and one in all its manufacturing traces of its Cordele, Georgia OSB mill, the predicted timing of wind-down, usage of present wood provide and curtailment of the Prime Stage OSB mill, anticipated aid of OSB capability, expected asset impairment loss within the fourth quarter of 2025 in addition to similar group of workers affect and our skill to mitigate the affect on affected staff. The sort of forward-looking statements are in keeping with data lately to be had to us and are in keeping with guesses and analyses made through us taking into consideration our revel in and our belief of historic developments and wave situations and are topic to inherent dangers and uncertainties together with our overview of important weakening of OSB call for, the dimensions of the estimated asset leaving loss and the power, prices and year to, air unwell, drop present wood provide and curtail the Prime Stage OSB mill, in addition to alternative elements impacting the call for and costs of our OSB in North The usa and the consequential affect at the profitability of our Canadian industry, monetary status and result of operations. Readers will have to additionally the following the chance elements and uncertainties i’m ready forth within the Corporate’s annual data mode and control’s dialogue and research for the moment ended December 31, 2024, each and every dated February 12, 2025, as up to date in our control’s dialogue and research quarterly experiences filed from year to year, each and every to be had at SEDAR+ (www.sedarplus.ca) and EDGAR (www.sec.gov/edgar). There will also be disagree promise that the plans, intentions, or expectancies upon which forward-looking statements are primarily based might be learned. Fresh effects would possibly vary, and the residue could also be subject material and hostile to the Corporate and its shareholders. Excluding as could also be required through regulation, the Corporate undertakes disagree legal responsibility to publicly replace or revise any forward-looking statements.
SOURCE West Fraser Plank Co. Ltd.
