March 19, 2020 / 11:28 PM / 10 days ago

BRIEF-West Fraser Announces Covid-19 Pandemic Response Plan

March 19 (Reuters) - West Fraser Timber Co Ltd:

* WEST FRASER ANNOUNCES COVID-19 PANDEMIC RESPONSE PLAN

* WEST FRASER TIMBER - EFFECTIVE MARCH 23, LUMBER PRODUCTION TO BE REDUCED AT WESTERN CANADA SAWMILLS BY ABOUT 18% OR 12 MILLION BOARD FEET/WEEK

* LUMBER PRODUCTION AT CO’S U.S. SOUTH SAWMILLS WILL BE REDUCED BY APPROXIMATELY 24% OR 15 MILLION BOARD FEET PER WEEK

* TEMPORARY REDUCTIONS ARE EXPECTED TO STAY IN PLACE UNTIL AT LEAST APRIL 6.

* WEST FRASER TIMBER - EFFECTIVE MARCH 23, PLYWOOD PRODUCTION TO BE TEMPORARILY SUSPENDED AT COMPANY’S QUESNEL PLYWOOD FACILITY UNTIL AT LEAST APRIL 6

* WEST FRASER TIMBER- PLYWOOD PRODUCTION’S TEMPORARY SUSPENSION WILL REDUCE COMPANY’S PLYWOOD PRODUCTION BY 5,000 MSF PER WEEK.

* WEST FRASER-SCHEDULED MAINTENANCE SHUT FOR CO’S JOINTLY-OWNED CARIBOO PULP & PAPER MILL IN QUESNEL,BC DEFERRED DUE TO RISK STEMMING FROM COVID-19

* WEST FRASER - ACTIONS UNDERWAY TO REDUCE PLANNED CAPITAL SPENDING FOR 2020 BY $75 MILLION THROUGH DELAY,DEFERRAL OF PROJECTS THAT HADN’T YET STARTED Source text for Eikon: Further company coverage:

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