West Fraser Restarting Operations

West Fraser Timber Co. Ltd. is in the process of restarting operations. During March and April, the company significantly reduced lumber and plywood production in response to rapidly changing market demand and to comply with mandated and recommended health and safety guidelines related to the COVID-19 pandemic. During May, it substantially resumed lumber and plywood production with only a few facilities operating at less than full schedules. The company says it will continue to adjust operating schedules in both the U.S. and Canada as necessary. With lumber, both prices and volumes have rebounded compared to the end of the first quarter, particularly for southern yellow pine (SYP). The company expects that demand for its wood products will be volatile over at least the balance of the year in response to the ongoing economic and other impacts of the COVID-19 pandemic.