Question: Company: West Fraser Timber Co Ltd. Problem: Supply Chain issues during covid The COVID-19 crisis threatens to further impair West Frasers market volatility. Actions are
Company: West Fraser Timber Co Ltd.
Problem: Supply Chain issues during covid
The COVID-19 crisis threatens to further impair West Frasers market volatility. Actions are underway to reduce planned capital spending for 2020 by $75 million through the delay and deferral of projects that had not yet been started. Effective March 23, lumber production will be reduced at western Canada sawmills by approximately 18% or 12 million board feet per week and lumber production at the Company's U.S. South sawmills will be reduced by approximately 24% or 15 million board feet per week. These reductions will be implemented through various means including reduced operating hours, elimination of overtime, elimination of shifts and curtailment of operations. Shipping will be maintained as needed to fulfill order commitments
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