Western Forest Products Inc. Announces Temporary Production Curtailments in British Columbia

Western Forest Products Inc. (“Western” or the “Company”) announced plans to temporarily reduce its lumber production output for the remainder of 2022 by approximately 20 million board feet to manage inventory levels to current market conditions.

This temporary reduction in lumber production will be spread across the Company’s British Columbia manufacturing platform throughout December. Remanufacturing and shipping operations will continue uninterrupted, with lumber production at impacted sites expected to resume in January 2023. The Company continues to evaluate market conditions on an ongoing basis to maintain a balance between production and demand.

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. Western has a lumber capacity in excess of 1.0 billion board feet from seven sawmills, as well as operates four remanufacturing facilities and two glulam manufacturing facilities. The Company sources timber from its private lands, long-term licenses, First Nations arrangements, and market purchases. Western supplements its production through a wholesale program providing customers with a comprehensive range of specialty products.

Contact:

Stephen Williams – Executive Vice President & CFO – (604) 648-4500

Source: Western Forest Products Inc.