VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 27, 2009) - West Fraser (TSX:WFT) today announced additional lumber production curtailments at three of its B.C. sawmills in response to continuing weak markets and a strengthening Canadian dollar.
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 August 4, 2009. The decision to restart operations is dependent upon market conditions which will be reviewed on an ongoing basis.
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, as stated, market conditions and the value of the Canadian dollar to the U.S. dollar will affect actual results. 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 applicable securities laws.
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".
FOR FURTHER INFORMATION PLEASE CONTACT:
West Fraser Timber Co. Ltd. Ray Ferris Vice President, Solid Wood Products (250) 992-9244or
West Fraser Timber Co. Ltd. Chris McIver Vice-President, Lumber Sales (250) 992-9244 www.westfraser.com
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