West Fraser Timber : Announces Third Quarter 2020 Results
October 27, 2020 at 11:27 am EDT
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West Fraser Timber Co. Ltd. ('West Fraser' or the 'Company') (TSX: WFT) today reported results for the third quarter of 2020.
All dollar amounts in this news release are expressed in Canadian dollars.
Forward-Looking Statements
This news release contains historical information, descriptions of current circumstances, and statements about potential future developments. The latter, which are forward-looking statements, are presented to provide reasonable guidance to the reader, but their accuracy depends on a number of assumptions and is subject to various risks and uncertainties. Forward-looking statements are included under the headings 'Third Quarter Highlights' (concerning continued improvements in the U.S. South), 'Outlook (regarding future production, outlook for lumber, panels and pulp demand, operating rates, available liquidity, and U.S. South improvements),' 'Administrative Review duty rates (regarding finalization of duty rates)', and 'Risks and Uncertainties (regarding the impact of COVID-19).' Actual outcomes and results will depend on a number of factors that could affect the ability of the Company to execute its business plans, including those matters described in the 2019 annual MD&A under 'Risks and Uncertainties' and in our third quarter 2020 MD&A under the heading 'Risks and Uncertainties', and may differ materially from those anticipated or projected. Accordingly, readers should exercise caution in relying upon forward-looking statements, and the Company undertakes no obligation to publicly revise them to reflect subsequent events or circumstances, except as required by applicable securities laws.
West Fraser Timber Co. Ltd. is a diversified wood products company. The Company is engaged in manufacturing, selling, marketing and distributing lumber, engineered wood products, including oriented strand board (OSB), laminated veneer lumber (LVL), medium-density fiberboard (MDF), plywood, particleboard, pulp, newsprint, wood chips and other residuals and renewable energy. Its products are used in home construction, repair and remodeling, industrial applications, paper, tissues, and box materials. Its segments include Lumber, North America engineered wood products (NA EWP), Pulp & Paper and Europe EWP. Its business comprises lumber mills, OSB facilities, renewable energy facilities, pulp and paper mills, plywood facilities, MDF facilities, particleboard facilities, LVL facility, treated wood facility, and veneer facility. The Company operates approximately 58 facilities in Canada, the United States, the United Kingdom and Europe. It also offers wood preservation services.
WEST FRASER TIMBER CO. LTD. 
