Western Forest Products

Landmark Forestry Agreement will Support Increased First Nations Participation in a Stronger Vancouver Island Economy and Vision For the Future

Retrieved on: 
Tuesday, October 24, 2023
Way Key, Government, Nation, Tree plantation, Western Forest Products, Action plan, British Columbia Treaty Process, Forestry, United Nations Declaration on the Rights of Indigenous Peoples Act (Canada), Rights, Indigenous self-government in Canada, P.E.C.H.S Block 2, Forest, Acquisition, Tlowitsis Nation, First Nations, Limited partnership, Growth, Layalina Productions, Inc., Partnership, Investment, Agreement, Crown–Indigenous Relations and Northern Affairs Canada, TSX, Property management, Hunting, Campbell River

The Partnership will consist of certain assets and liabilities of Western’s Mid Island Forest Operation, including Block 2 of Tree Farm Licence 39.

Key Points: 
  • The Partnership will consist of certain assets and liabilities of Western’s Mid Island Forest Operation, including Block 2 of Tree Farm Licence 39.
  • The Partnership will manage an allowable annual cut of 904,540 cubic metres of timber and includes a long-term fibre agreement to support Western’s British Columbia coastal manufacturing operations.
  • “This is a good day for everyone on Vancouver Island and the central coast,” says Nanwakolas Council President Dallas Smith.
  • As First Nations, we all look forward to taking our rightful place in forestry ownership and management in our territories."

Western Forest Products Continues to Demonstrate its Commitment to Value-added Manufacturing with $29 Million Investment Towards B.C. Operations

Retrieved on: 
Wednesday, July 6, 2022
Annual report, Western Forest Products, Wood, Research, Carbon, TSX, GLOBE, Forest, Growth, MSR, Duke Point, British Columbia, Company, Industry, Saltair, Employment, Plant, Partnership, Investment, Energy Products Inc, News, Program, First Nations, Forward-looking statement, Renewable energy, Sawmill, Oil, Recycling, Washington State

The investments are part of the Companys ongoing commitment to support value-added manufacturing on the B.C.

Key Points: 
  • The investments are part of the Companys ongoing commitment to support value-added manufacturing on the B.C.
  • following the previous multi-phase strategic capital investment of over $42 million undertaken to modernize the sawmill since 2013.
  • The sawmill and planer have undergone a previous multi-phase strategic capital investment of over $45 million since 2015 to modernize the facility.
  • Joel Fournier, Vice President of Canadian Manufacturing, Western Forest Products
    About Western Forest Products Inc.
    Western is an integrated forest products company building a margin-focused log and lumber business to compete successfully in global softwood markets.

Western Forest Products Further Demonstrates Its Sustainability Commitment with Closing of Sustainability-Linked Credit Facility

Retrieved on: 
Wednesday, July 21, 2021
Articles, Environmentalism, Davos, World Economic Forum, Western Forest Products, Sustainability, Organizations, Activism

VANCOUVER, BC, July 21, 2021 /PRNewswire/ - Western Forest Products Inc. (TSX: WEF) ("Western" or the "Company") announced today the transition of its current Credit Facility into a $250 million Sustainability-Linked Credit Facility (the "Amended Credit Facility"), further demonstrating Western's leadership in sustainability.

Key Points: 
  • VANCOUVER, BC, July 21, 2021 /PRNewswire/ - Western Forest Products Inc. (TSX: WEF) ("Western" or the "Company") announced today the transition of its current Credit Facility into a $250 million Sustainability-Linked Credit Facility (the "Amended Credit Facility"), further demonstrating Western's leadership in sustainability.
  • The pricing grid and covenant package of the Amended Credit Facility is consistent with the current Credit Facility and will provide increased flexibility for Western to execute on its strategic priorities.
  • "Our Sustainability-Linked Credit Facility further demonstrates Western's strong leadership and commitment to industry leading sustainability and ESG practices," said Don Demens, President and Chief Executive Officer.
  • About Western Forest Products Inc.
    Western is an integrated forest products company building a margin-focused log and lumber business to compete successfully in global softwood markets.

Western Forest Products Confirms Its Net Positive Climate Impact with Release of 2020 Sustainability Report

Retrieved on: 
Thursday, June 24, 2021
Articles, Forestry, Environmentalism, Sustainability, Sustainable development, World Economic Forum, Western Forest Products, Forest product, Sustainable forest management

VANCOUVER, BC, June 23, 2021 /PRNewswire/ - Western Forest Products Inc. (TSX: WEF) ("Western" or the "Company") announced today the release of our 2020 Sustainability Report detailing the progress and commitment to our key sustainability initiatives.

Key Points: 
  • VANCOUVER, BC, June 23, 2021 /PRNewswire/ - Western Forest Products Inc. (TSX: WEF) ("Western" or the "Company") announced today the release of our 2020 Sustainability Report detailing the progress and commitment to our key sustainability initiatives.
  • "Our sustainable forest management practices and the wood products we manufacture play a key role in reducing global greenhouse gases.
  • Our 2020 Sustainability Report continues to demonstrate Western's commitment to transparency, accountability and continuous improvement on our most material sustainability topics.
  • About Western Forest Products Inc.
    Western is an integrated forest products company building a margin-focused log and lumber business to compete successfully in global softwood markets.

Western Forest Products Inc. Announces Results of Annual and Special Meeting of Shareholders

Retrieved on: 
Thursday, May 6, 2021
Western Forest Products, Timber industry, Saws, Forestry, Wood, Companies, Sawmill, Caterpillar Inc.

2, as amended, can be found on www.sedar.com .\nAbout Western Forest Products Inc.\nWestern is an integrated forest products company building a margin-focused log and lumber business to compete successfully in global softwood markets.

Key Points: 
  • 2, as amended, can be found on www.sedar.com .\nAbout Western Forest Products Inc.\nWestern is an integrated forest products company building a margin-focused log and lumber business to compete successfully in global softwood markets.
  • With operations and employees located primarily on the coast of British Columbia and Washington State, Western is a premier supplier of high-value, specialty forest products to worldwide markets.
  • Western has a lumber capacity in excess of 1.1 billion board feet from eight sawmills and four remanufacturing facilities.
  • Western supplements its production through a wholesale program providing customers with a comprehensive range of specialty products.\nView original content to download multimedia: http://www.prnewswire.com/news-releases/western-forest-products-inc-anno...\nSOURCE Western Forest Products Inc.\n"

Western Forest Products Inc. Announces Release Date of First Quarter 2021 Results and Conference Call Details

Retrieved on: 
Wednesday, March 31, 2021
Wood, Timber industry, Forestry, Wood products, Woodworking, Western Forest Products, Lumber, Softwood

VANCOUVER, BC, March 31, 2021 /PRNewswire/ - Western Forest Products Inc. (TSX: WEF) ("Western" or the "Company") first quarter 2021 financial and operating results will be released on Wednesday, May 5, 2021.

Key Points: 
  • VANCOUVER, BC, March 31, 2021 /PRNewswire/ - Western Forest Products Inc. (TSX: WEF) ("Western" or the "Company") first quarter 2021 financial and operating results will be released on Wednesday, May 5, 2021.
  • Western will host its first quarter 2021 analyst conference call on Thursday, May 6, 2021 at 12:00 p.m. PDT (3:00 p.m. EDT).
  • About Western Forest Products Inc.
    Western is an integrated forest products company building a margin-focused log and lumber business to compete successfully in global softwood markets.
  • Western supplements its production through a wholesale program providing customers with a comprehensive range of specialty products.

Western Forest Products Inc. Announces Further Board Refreshment with Appointment of Two New Directors

Retrieved on: 
Saturday, March 6, 2021
Timber industry, Wood, Forestry, Woodworking, Wood products, Western Forest Products, Softwood, Lumber, Forest product

With the appointment of Mr. Krotowski and Mr. Williamson, four new members will have joined Western's Board in the past two years.

Key Points: 
  • With the appointment of Mr. Krotowski and Mr. Williamson, four new members will have joined Western's Board in the past two years.
  • About Western Forest Products Inc.
    Western is an integrated forest products company building a margin-focused log and lumber business to compete successfully in global softwood markets.
  • Forward-looking statements in this press release include, but are not limited to, statements relating to the appointment of directors to the Board.
  • View original content to download multimedia: http://www.prnewswire.com/news-releases/western-forest-products-inc-anno...
    SOURCE Western Forest Products Inc.

Western Forest Products Inc. Announces Release Date of Fourth Quarter and Fiscal 2020 Results and Conference Call Details

Retrieved on: 
Thursday, December 31, 2020
Davos, World Economic Forum, Articles, Western Forest Products, Organizations

VANCOUVER, BC, Dec. 30, 2020 /PRNewswire/ -Western Forest Products Inc. (TSX: WEF) ("Western" or the "Company") fourth quarter and fiscal 2020 financial and operating results will be released on Thursday, February 18, 2021.

Key Points: 
  • VANCOUVER, BC, Dec. 30, 2020 /PRNewswire/ -Western Forest Products Inc. (TSX: WEF) ("Western" or the "Company") fourth quarter and fiscal 2020 financial and operating results will be released on Thursday, February 18, 2021.
  • Analysts, investors and media are invited to participate in Western's fourth quarter and fiscal 2020 conference call on Friday, February 19, 2021 at 9:00 a.m. PST (12:00 p.m. EST).
  • Don Demens, President and Chief Executive Officer, and Stephen Williams, Executive Vice President and Chief Financial Officer, will discuss the Company's fourth quarter and fiscal 2020 results followed by a question and answer session.
  • About Western Forest Products Inc.
    Western is an integrated forest products company building a margin-focused log and lumber business to compete successfully in global softwood markets.

Western Statement on Changes to the Manufactured Forest Products Regulation

Retrieved on: 
Wednesday, September 16, 2020
Western Forest Products, Economy of Canada, Companies of Canada, Companies, Canfor

VANCOUVER, BC, Sept. 16, 2020 /PRNewswire/ -Western Forest Products Inc. (TSX: WEF) ("Western" or the "Company") announced today that the British Columbia provincial government (the "Government") has provided additional information on the implementation of amendments to the Manufactured Forest Products Regulation (the "Regulation").

Key Points: 
  • VANCOUVER, BC, Sept. 16, 2020 /PRNewswire/ -Western Forest Products Inc. (TSX: WEF) ("Western" or the "Company") announced today that the British Columbia provincial government (the "Government") has provided additional information on the implementation of amendments to the Manufactured Forest Products Regulation (the "Regulation").
  • About Western Forest Products Inc.
    Western is an integrated forest products company building a margin-focused log and lumber business to compete successfully in global softwood markets.
  • With operations and employees located primarily on the coast of British Columbia and Washington State, Western is a premier supplier of high-value, specialty forest products to worldwide markets.
  • View original content to download multimedia: http://www.prnewswire.com/news-releases/western-statement-on-changes-to-...
    SOURCE Western Forest Products Inc.

Western Forest Products Inc. Announces Release Date of Second Quarter 2020 Results and Conference Call Details

Retrieved on: 
Tuesday, June 30, 2020
Davos, World Economic Forum, Western Forest Products, Organizations, Economies

VANCOUVER, BC, June 30, 2020 /PRNewswire/ -Western Forest Products Inc. (TSX: WEF)("Western" or the "Company") second quarter 2020 financial and operating results will be released on Thursday, August 6, 2020.

Key Points: 
  • VANCOUVER, BC, June 30, 2020 /PRNewswire/ -Western Forest Products Inc. (TSX: WEF)("Western" or the "Company") second quarter 2020 financial and operating results will be released on Thursday, August 6, 2020.
  • Analysts, investors and media are invited to participate in Western's second quarter 2020 conference call on Friday, August 7, 2020 at 9:00 a.m. PDT (12:00 p.m. EDT).
  • Don Demens, President and Chief Executive Officer, and Stephen Williams, Executive Vice President and Chief Financial Officer, will discuss the Company's second quarter 2020 results followed by a question and answer session.
  • About Western Forest Products Inc.
    Western is an integrated forest products company building a margin-focused log and lumber business to compete successfully in global softwood markets.