Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
2024年9月20日 - 6:13AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF
FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR
15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of September 2024
Commission File No. 001-39974
WEST FRASER TIMBER CO. LTD.
(Translation of registrants name into English)
885 West
Georgia Street, Suite 1500
Vancouver, British Columbia
Canada V6C 3E8
(Address
of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F
Form 20-F ☐ Form
40-F ☒
Indicate by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule 101(b)(1) ☐
Indicate by check mark if the registrant is
submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7) ☐
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
Dated: September 19, 2024
|
WEST FRASER TIMBER CO. LTD. |
|
/s/ Christopher A. Virostek |
Christopher A. Virostek |
Senior Vice-President, Finance and Chief Financial Officer |
Exhibit 99.1
|
|
|
|
|
News Release |
|
|
|
|
For Immediate
Release
West Fraser Announces Indefinite Curtailment of Lake Butler Sawmill
VANCOUVER, B.C., September 19, 2024 West Fraser Timber Co. Ltd. (West Fraser or the Company) (TSX and NYSE: WFG)
announced today that it will indefinitely curtail its sawmill in Lake Butler, Florida by the end of this month. Todays decision is the result of high fiber costs and soft lumber markets.
The indefinite curtailment of Lake Butler Sawmill will impact approximately 130 employees and reduce West Frasers U.S. lumber capacity by approximately
110 million board feet. West Fraser expects to mitigate the impact on affected employees by providing work opportunities at other company operations.
High fiber costs at Lake Butler and the current low-price commodity environment have impaired the ability to
profitably operate the mill. The indefinite curtailment of Lake Butler sawmill better aligns our U.S. lumber capacity with demand.
West Fraser
anticipates taking an impairment charge in the third quarter of 2024 associated with the announcement.
About West Fraser
West Fraser is a diversified wood products company with more than 60 facilities in Canada, the United States, the United Kingdom, and Europe, which promotes
sustainable forest practices in its operations. The Company produces lumber, engineered wood products (OSB, LVL, MDF, plywood, and particleboard), pulp, newsprint, wood chips, other residuals, and renewable energy. West Frasers products are
used in home construction, repair and remodelling, industrial applications, papers, tissue, and box materials. For more information about West Fraser, visit: www.westfraser.com.
Forward-Looking Statements
This news release contains forward-looking information or forward-looking statements (collectively, forward-looking statements) within the meaning
of applicable securities laws, including those relating to the Companys indefinite curtailment of the Lake Butler sawmill and anticipated timing thereof, expected reduction of lumber capacity, anticipated impairment charge in the third
quarter of 2024 as well as related workforce impact and our ability to mitigate the impact on affected employees and better align production capacity with demand. Any such forward-looking statements are based on information currently available to us
and are based on assumptions and analyses made by us considering our experience and our perception of historical trends and current conditions, including our assessment of higher fiber supply costs, the
low-price commodity environment and our ability to operate the Lake Butler sawmills profitably and are subject to inherent risks and uncertainties. Readers should also refer to the risk factors set
forth in the Companys annual information form and managements discussion and analysis for the year ended December 31, 2023, each dated February 14, 2024, as updated in our managements discussion and analysis for the three
and six months ended June 28, 2024, dated July 24, 2024, each available at SEDAR+ (www.sedarplus.ca) and EDGAR (www.sec.gov/edgar). There can be no assurance that the plans, intentions, or expectations upon which
forward-looking statements are based will be realized. Actual results may differ, and the difference may be material and adverse to the Company and its shareholders. Except as may be required by law, the Company undertakes no obligation to publicly
update or revise any forward-looking statements.
For More Information
Media Contact
Joyce Wagenaar
Director, Communications
Tel. (604) 817-5539
media@westfraser.com
Investor Contact
Robert B. Winslow, CFA
Director, Investor Relations & Corporate Development
Tel. (416) 777-4426
shareholder@westfraser.com
Page 2 of 2
West Fraser Timber (NYSE:WFG)
過去 株価チャート
から 10 2024 まで 10 2024
West Fraser Timber (NYSE:WFG)
過去 株価チャート
から 10 2023 まで 10 2024