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Western Forest Products Inc. (T:WEF)

Business Focus: Logging & Sawmills

May 22, 2020 05:05 pm ET
Western Forest Products Inc. Announces Election of Directors
Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) announces the following voting results in respect of the election of directors at its Annual General Meeting (the “Meeting”) held today: Name of NomineeVotes For% ForVotes...
May 13, 2020 05:05 pm ET
Western Provides Update for Annual General Meeting
Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) announced today additional precautionary measures for its upcoming annual general meeting (“AGM”) which will be held at 9:00 am on May 22, 2020 at Suite 2800, 666 Burrard Street...
May 06, 2020 10:12 pm ET
Western Announces First Quarter 2020 Results and Suspends Quarterly Dividend
Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) reported negative adjusted EBITDA of $17.4 million in the first quarter of 2020. Results were impacted by strike action that concluded in mid-February at the majority of its...
Apr 06, 2020 06:15 pm ET
Western Forest Products Inc. Announces Release Date of First Quarter 2020 Results and Conference Call Details
Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) first quarter 2020 financial and operating results will be released on Wednesday, May 6, 2020. Analysts, investors and media are invited to participate in Western’s first quarter...
Mar 22, 2020 10:22 pm ET
Western Announces Temporary Production Curtailments
Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) announced today that effective March 23, 2020 it will curtail its manufacturing facilities currently operating in British Columbia due to the evolving COVID-19 pandemic and its...
Mar 16, 2020 08:30 pm ET
Western Forest Products Inc. Announces Sale of Ownership Interests in TFL 44 LP and Alberni Pacific Division Sawmill to Huu-ay-aht First Nations
Western Forest Products Inc. (TSX: WEF) (“Western”) and Huumiis Ventures Limited Partnership (“Huumiis”), a limited partnership beneficially owned by Huu-ay-aht First Nations, (“Huu-ay-aht”), have reached an agreement whereby Huumiis will acquire a...
Feb 15, 2020 05:52 pm ET
New Collective Agreement Ratified
Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) announced today that its hourly employees represented by United Steelworkers Local 1-1937 (“USW”) have voted in support of the tentative agreement to replace the collective...
Feb 11, 2020 09:28 pm ET
Western Forest Products Inc. Confirms Record Date of First Quarter 2020 Dividend
Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) is pleased to confirm that a quarterly dividend of $0.0225 per share will be paid with respect to the Company’s first fiscal quarter of 2020 to shareholders of record as at the...
Feb 11, 2020 09:16 pm ET
Western Announces Fourth Quarter 2019 Results
Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) reported negative adjusted EBITDA of $18.1 million in the fourth quarter of 2019. Results were impacted by strike action by the United Steelworkers Local 1-1937 (“USW”) and weak...
Feb 10, 2020 08:00 am ET
Western and USW Reach Tentative Collective Agreement
Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) announced today that the Company and the United Steelworkers Local 1-1937 (“USW”) have agreed to the terms of a tentative collective agreement. The tentative agreement is subject...
Feb 06, 2020 12:29 pm ET
Special Mediators Appointed to Resolve USW Strike
Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) announced today that British Columbia’s Minister of Labour has appointed Vince Ready and Amanda Rogers as special mediators (“Special Mediators”) in the United Steelworkers Local...
Feb 04, 2020 07:57 pm ET
Mediators Withdraw from Mediation Process
Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) announced today that the Company and the United Steelworkers Local 1-1937 (“USW”) have received a letter from independent mediators Vince Ready and Amanda Rogers informing the...
Dec 31, 2019 04:19 pm ET
Western Forest Products Inc. Announces Release Date of Fourth Quarter and Fiscal 2019 Results and Conference Call Details
Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) fourth quarter and fiscal 2019 financial and operating results will be released on Tuesday, February 11, 2020. Analysts, investors and media are invited to participate in...
Dec 17, 2019 09:19 pm ET
Labour Dispute Update
Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) announced today that after resuming discussions with the United Steelworkers Local 1-1937 (“USW”) on a new collective agreement, negotiations have reached an impasse and no future...
Dec 12, 2019 09:21 pm ET
Meetings Rescheduled with Independent Mediators and USW
Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) announced today that independent mediators Vince Ready and Amanda Rogers today informed the Company and the United Steelworkers Local 1-1937 (“USW”) that due to personal...
Dec 10, 2019 09:15 pm ET
Meetings Resume with Independent Mediators and USW
Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) announced today that the Company and the United Steelworkers Local 1-1937 (“USW”) will meet with independent mediators Vince Ready and Amanda Rogers this week. The parties have...
Nov 18, 2019 09:00 am ET
Labour Dispute Update
Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) announced today that after resuming discussions with the United Steelworkers Local 1-1937 (“Union”) this week, active negotiations are no longer occurring and no future mediation...
Nov 06, 2019 07:11 pm ET
Western Forest Products Inc. Confirms Record Date of Fourth Quarter 2019 Dividend
Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) is pleased to confirm that a quarterly dividend of $0.0225 per share will be paid with respect to the Company’s fourth fiscal quarter of 2019 to shareholders of record as at the...
Nov 06, 2019 07:09 pm ET
Western Announces Third Quarter 2019 Results
Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) reported negative adjusted EBITDA of $16.6 million in the third quarter of 2019. Results were impacted by ongoing strike action by the United Steelworkers Local 1-1937 (“USW”) and...
Oct 31, 2019 07:20 pm ET
Western Proposes Binding Arbitration Process
Western Forest Products Inc (TSX: WEF) (“Western” or the “Company”) announced today that the Company has invited the United Steelworkers Local 1-1937 (“Union”) to join a binding arbitration process with independent mediators Vince Ready and Amanda...
Oct 17, 2019 04:36 pm ET
Meetings Resume with Independent Mediators and USW
Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) announced today that the Company and the United Steelworkers Local 1-1937 (“USW”) are resuming talks with independent mediators Vince Ready and Amanda Rogers this week. The...
Sep 30, 2019 05:00 pm ET
Western Forest Products Inc. Announces Release Date of Third Quarter 2019 Results and Conference Call Details
Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) third quarter 2019 financial and operating results will be released on Wednesday, November 6, 2019. Analysts, investors and media are invited to participate in Western’s third...
Sep 14, 2019 06:54 pm ET
Mediated Talks Break Off
Western Forest Products Inc (TSX: WEF) (“Western” or the “Company”) announced today that the United Steelworkers Local 1-1937 (“USW”) withdrew from mediation with the Company and independent-mediators Vince Ready and Amanda Rogers after a few hours...
Sep 04, 2019 06:49 pm ET
Western Welcomes Return to Bargaining Table; Responds to NAFTA Challenge Panel Decision
Western Forest Products Inc (TSX: WEF) (“Western” or the “Company”) announced today that the Company and the United Steelworkers Local 1-1937 (“USW”) expect to begin mediation with independent-mediator Vince Ready on September 13, 2019. “We look...
Aug 02, 2019 09:00 am ET
Western Forest Products Inc. Announces Renewal of Normal Course Issuer Bid
Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) announced today that it has received approval from the Toronto Stock Exchange ("TSX") to renew a normal course issuer bid ("NCIB") to purchase for cancellation up to 18,763,888 of...
Aug 01, 2019 06:29 pm ET
Western Forest Products Inc. Confirms Record Date of Third Quarter 2019 Dividend
Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) is pleased to confirm that a quarterly dividend of $0.0225 per share will be paid with respect to the Company’s third fiscal quarter of 2019 to shareholders of record as at the...
Aug 01, 2019 06:28 pm ET
Western Announces Second Quarter 2019 Results
Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) reported adjusted EBITDA of $15.1 million in the second quarter of 2019. Results were impacted by challenging markets which led to production curtailments, and higher British...
Jul 24, 2019 05:39 pm ET
Western Forest Products Inc. Announces Temporary Curtailment
Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) announced today a temporary curtailment at its Ladysmith sawmill in part due to action taken by the United Steelworkers Local 1-1937 (“USW”) which has impeded log supply to the...
Jul 02, 2019 05:00 pm ET
Western Forest Products Inc. Announces Release Date of Second Quarter 2019 Results and Conference Call Details
Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) second quarter 2019 financial and operating results will be released on Thursday, August 1, 2019. Analysts, investors and media are invited to participate in Western’s second...
Jul 01, 2019 09:00 pm ET
Western Announces Strike Action by United Steelworkers
Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) announced that as of 3:45 pm today the United Steelworkers Local 1-1937 (“USW”), the union representing approximately 1,500 of the Company’s hourly employees and 1,500 employees...
Jun 28, 2019 09:34 pm ET
Western Announces Receipt of Strike Notice
Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) announced today that the Company, as well as some of our contractors, have been served with 72-hour strike notice from the United Steelworkers (USW) Local 1-1937 (“Union”) in...
Jun 25, 2019 05:23 pm ET
Western Forest Products Inc. Announces Automatic Share Purchase Plan Pursuant to its Normal Course Issuer Bid
Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) announced today that in connection with its normal course issuer bid that was previously announced on August 3, 2018 (the “Bid”), it has entered into an automatic share purchase...
Jun 06, 2019 06:29 pm ET
Western Forest Products Inc. Announces Temporary Production Curtailments
Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) announced today temporary production curtailments at three of its sawmills to align production volumes to match current customer demand. Western will curtail its Duke Point...
May 16, 2019 07:46 pm ET
TFL 44 Limited Partnership Holds First Board of Directors Meeting Advancing Vision of Stronger Forest Sector in Alberni Valley
The newly formed TFL 44 Limited Partnership, a partnership between Huu-ay-aht First Nations (“Huu-ay-aht”) and Western Forest Products Inc. (“Western”), held their first Board of Directors (the “Board”) meeting today. Aligned with their goal of...
May 02, 2019 03:15 pm ET
Western Forest Products Inc. Announces Election of Directors
Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) announces the following voting results in respect of the election of directors at its Annual General Meeting (the “Meeting”) held today:      NomineeVotes For% ForVotes Withheld%...
May 01, 2019 07:19 pm ET
Western Forest Products Inc. Confirms Record Date of Second Quarter 2019 Dividend
Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) is pleased to confirm that a quarterly dividend of $0.0225 per share will be paid with respect to the Company’s second fiscal quarter of 2019 to shareholders of record as at the...
May 01, 2019 07:17 pm ET
Western Announces First Quarter 2019 Results
Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) reported adjusted EBITDA of $18.1 million in the first quarter of 2019. Results were impacted by challenging markets and difficult operating conditions which led to higher...
Apr 01, 2019 05:00 pm ET
Western Forest Products Inc. Announces Release Date of First Quarter 2019 Results and Conference Call Details
Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) first quarter 2019 financial and operating results will be released on Wednesday, May 1, 2019. Analysts, investors and media are invited to participate in Western’s first quarter...
Mar 29, 2019 04:16 pm ET
Western Forest Products Inc. Completes Sale of Ownership Interest in Port Alberni Forest Operation to Huumiis Ventures Limited Partnership
Huumiis Ventures Limited Partnership (“HVLP”), a limited partnership beneficially owned by the Huu-ay-aht First Nations (“Huu-ay-aht”), and Western Forest Products Inc. (TSX: WEF) (“Western”) announced today the completion of HVLP’s acquisition...
Mar 26, 2019 05:00 pm ET
Western Forest Products Inc. Announces Automatic Share Purchase Plan Pursuant to its Normal Course Issuer Bid
Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) announced today that in connection with its normal course issuer bid that was previously announced on August 3, 2018 (the “Bid”), it has entered into an automatic share purchase...
Mar 20, 2019 08:48 pm ET
Western Forest Products Publishes Sustainability Report
Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) announced today that it has published its first sustainability report, highlighting the Company’s governance, environmental and social practices and performance during 2018. The...
Mar 13, 2019 09:24 pm ET
Western Forest Products’ CEO Exercises Options
Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) announced today that Don Demens, President & Chief Executive Officer of Western, has exercised stock options for the purpose of meeting the Company’s equity ownership...
Mar 01, 2019 09:00 am ET
Western Forest Products Inc. Announces Appointment of Two New Independent Directors to Board
Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) is pleased to announce the appointments of Laura Cillis and Cheri Phyfer to its Board of Directors (the “Board”). The addition of two new directors is consistent with Western’s...
Feb 12, 2019 09:21 pm ET
Western Forest Products Announces Board of Directors Leadership Transition
Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) announced today the implementation of its planned Board of Directors (the “Board”) leadership transition, including changes to Chair roles of the Board, Audit Committee and...
Feb 12, 2019 09:02 pm ET
Western Forest Products Inc. Confirms Record Date of First Quarter 2019 Dividend
Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) is pleased to confirm that a quarterly dividend of $0.0225 per share will be paid with respect to the Company’s first fiscal quarter of 2019 to shareholders of record as at the...
Feb 12, 2019 08:59 pm ET
Western Announces Fourth Quarter and Fiscal 2018 Results
Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) reported adjusted EBITDA of $18.0 million in the fourth quarter of 2018. Higher specialty lumber prices and increased lumber shipments in the fourth quarter of 2018 were offset by...
Feb 01, 2019 09:00 am ET
Western Forest Products Inc. Completes Acquisition of Columbia Vista Corporation
Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) announced today the completion of its previously announced acquisition of certain assets of Columbia Vista Corporation and related entities (collectively “Columbia Vista”) located...
Jan 03, 2019 08:39 pm ET
Western Forest Products Inc. Announces Release Date of Fourth Quarter and Fiscal 2018 Results and Conference Call Details
Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) fourth quarter and fiscal 2018 financial and operating results will be released on Tuesday, February 12, 2019. Analysts, investors and media are invited to participate in...
Dec 21, 2018 05:00 pm ET
Western Forest Products Inc. Announces Automatic Share Purchase Plan Pursuant to its Normal Course Issuer Bid
Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) announced today that in connection with its normal course issuer bid that was previously announced on August 3, 2018 (the “Bid”), it has entered into an automatic share purchase...
Dec 14, 2018 01:29 pm ET
Western Forest Products Inc. Announces Sale of Ownership Interest in Port Alberni Forest Operation to Huu-ay-aht First Nations
Huu-ay-aht First Nations (“Huu-ay-aht”) and Western Forest Products Inc. (TSX: WEF) (“Western”) have reached an agreement whereby Huu-ay-aht will acquire a 7% interest from Western in a newly formed Limited Partnership for $7.2 million, subject to...
Nov 20, 2018 04:30 pm ET
Western Forest Products Inc. Announces Acquisition of Columbia Vista Corporation, Growing its Specialty Products Business
Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) today announced that a wholly owned subsidiary of Western has entered into an agreement to acquire the assets of Columbia Vista Corporation and certain related entities...
Nov 07, 2018 08:54 pm ET
Western Forest Products Inc. Confirms Record Date of Fourth Quarter 2018 Dividend
Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) is pleased to confirm that a quarterly dividend of $0.0225 per share will be paid with respect to the Company’s fourth fiscal quarter of 2018 to shareholders of record as at the...
Nov 07, 2018 08:53 pm ET
Western Announces Third Quarter 2018 Results
Western Forest Products Inc. (“Western” or the “Company”) reported adjusted EBITDA of $32.3 million in the third quarter of 2018, compared to adjusted EBITDA of $32.6 million in the third quarter of 2017, and $50.2 million reported in the second...
Sep 28, 2018 05:00 pm ET
Western Forest Products Inc. Announces Release Date of Third Quarter 2018 Results and Conference Call Details
Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) third quarter 2018 financial and operating results will be released on Wednesday, November 7, 2018. Analysts, investors and media are invited to participate in Western’s third...
Aug 22, 2018 06:00 pm ET
Huu-ay-aht First Nations and Western Forest Products Inc. Continue to Work Together Pursuant to the Reconciliation Protocol Agreement
Huu-ay-aht First Nations (“Huu-ay-aht”) and Western Forest Products Inc. (TSX: WEF) (“Western”) announce that they are working together to explore potential alternative ownership structures in Huu-ay-aht’s traditional territories pursuant to the...
Aug 08, 2018 03:01 pm ET
Western Forest Products Inc. Announces New $250 Million Credit Facility
Western Forest Products Inc. (“Western” or the “Company”) (TSX: WEF) announced today that it has entered into a new $250 million syndicated Credit Facility (the “Credit Facility”). The Credit Facility matures on August 1, 2022 and includes an...
Aug 03, 2018 09:00 am ET
Western Forest Products Inc. Announces Renewal of Normal Course Issuer Bid
Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) announced today that it has received approval from the Toronto Stock Exchange ("TSX") to renew a normal course issuer bid ("NCIB") to purchase for cancellation up to 19,662,439 of...
Aug 02, 2018 08:37 pm ET
Western Forest Products Inc. Confirms Record Date of Third Quarter 2018 Dividend
Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) is pleased to confirm that a quarterly dividend of $0.0225 per share will be paid with respect to the Company’s third fiscal quarter of 2018 to shareholders of record as at the...
Aug 02, 2018 08:35 pm ET
Western Announces Second Quarter 2018 Results
Western Forest Products Inc. (“Western” or the “Company”) (TSX: WEF) reported adjusted EBITDA of $50.2 million in the second quarter of 2018, compared to adjusted EBITDA of $47.1 million in the second quarter of 2017, and $43.0 million reported in...
Jun 29, 2018 05:00 pm ET
Western Forest Products Inc. Announces Release Date of Second Quarter 2018 Results and Conference Call Details
Western Forest Products Inc. (TSX:WEF) (“Western” or the “Company”) second quarter 2018 financial and operating results will be released on Thursday, August 2, 2018. Analysts, investors and media are invited to participate in Western’s second...
May 03, 2018 06:41 pm ET
Western Forest Products Inc. Announces Election of Directors
Western Forest Products Inc. (TSX:WEF) (“Western” or the “Company”) announced today its voting results in respect of the election of all director nominees at its Annual and Special Meeting (the “Meeting”) held today as follows:      NomineeVotes...
May 02, 2018 09:35 pm ET
Western Forest Products Inc. Increases Dividend
Western Forest Products Inc. (TSX:WEF) (“Western” or the “Company”) announced today that its Board of Directors has approved an increase of 12.5% in the quarterly dividend to $0.0225 per common share outstanding. Western confirms that a quarterly...
May 02, 2018 09:34 pm ET
Western Announces First Quarter 2018 Results
Western Forest Products Inc. (TSX:WEF) (“Western” or the “Company”) reported adjusted EBITDA of $43.0 million in the first quarter of 2018, compared to adjusted EBITDA of $34.0 million in the first quarter of 2017, and $38.9 million reported in the...
Apr 11, 2018 12:09 pm ET
Western Forest Products Inc. Announces Board of Director Changes
VANCOUVER, British Columbia, April 11, 2018 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX:WEF) (“Western” or the “Company”) announced today that Mr. Barrie Shineton will not be standing for re-election as a director at Western’s Annual and Special...
Mar 29, 2018 06:53 pm ET
Western Forest Products Inc. Announces Release Date of First Quarter 2018 Results and Conference Call Details
VANCOUVER, British Columbia, March 29, 2018 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX:WEF) (“Western” or the “Company”) first quarter 2018 financial and operating results will be released on Wednesday, May 2, 2018.
Feb 15, 2018 07:58 pm ET
Western Forest Products Inc. Confirms Record Date of First Quarter 2018 Dividend
VANCOUVER, British Columbia, Feb. 15, 2018 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX:WEF) (“Western” or the “Company”) is pleased to confirm that a quarterly dividend of $0.02 per share will be paid with respect to the Company’s...
Feb 15, 2018 06:58 pm ET
Western Announces Fourth Quarter And Fiscal 2017 Year-End Results
VANCOUVER, British Columbia, Feb. 15, 2018 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX:WEF) (“Western” or the “Company”) reported adjusted EBITDA of $38.9 million in the fourth quarter of 2017, compared to adjusted EBITDA of $33.8 million in...
Jan 17, 2018 06:00 pm ET
Western Forest Products Completes Acquisition of Distribution and Processing Centre in Arlington, Washington
VANCOUVER, British Columbia, Jan. 17, 2018 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX:WEF) (“Western” or the “Company") today announced the completion of its acquisition of Hampton Lumber Mills-Washington, Inc.’s distribution and processing centre located in Arlington, Washington...
Dec 29, 2017 05:00 pm ET
Western Forest Products Inc. Announces Release Date of Fourth Quarter and Fiscal 2017 Results and Conference Call Details
VANCOUVER, British Columbia, Dec. 29, 2017 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX:WEF) (“Western” or the “Company”) fourth quarter and fiscal 2017 financial and operating results will be released on Thursday, February 15, 2018.
Dec 06, 2017 10:59 pm ET
Western Forest Products to Acquire Processing and Distribution Centre in Arlington, Washington
VANCOUVER, British Columbia, Dec. 06, 2017 (GLOBE NEWSWIRE) -- Western Forest Products Inc. (TSX:WEF) (“Western” or the “Company") today announced that it has entered into an agreement with Hampton Lumber Mills-Washington, Inc. (“Hampton”) to acquire Hampton’s lumber processing...
Nov 07, 2017 06:00 pm ET
Western Forest Products Announces Closure of Englewood Train
Western Forest Products Inc. (TSX: WEF) ("Western" or the "Company") today announced the closure of its Englewood logging train. This announcement is consistent with the Company's ongoing efforts to reduce costs and strengthen its competitiveness. Logs will be transported by truck at a lower cost to create efficiencies in the transportation of logs to its mills from northern Vancouver Island forestry operations.
Nov 02, 2017 08:22 pm ET
Western Forest Products Inc. Confirms Record Date of Fourth Quarter 2017 Dividend
Western Forest Products Inc. (TSX: WEF) ("Western" or the "Company") is pleased to confirm that a quarterly dividend of $0.02 per share will be paid with respect to the Company's fourth fiscal quarter of 2017 to shareholders of record as at the close of business on Friday, December 1, 2017 and will be distributed on or about Friday, December 15, 2017.
Nov 02, 2017 08:19 pm ET
Western Announces Third Quarter 2017 Results
Western Forest Products Inc. (TSX: WEF) ("Western" or the "Company") reported adjusted EBITDA of $32.6 million in the third quarter of 2017, compared to adjusted EBITDA of $35.7 million in the third quarter of 2016, and $47.1 million reported in the second quarter of 2017. Hot, dry weather lowered log harvest and reduced Western's third quarter log and lumber sales volumes. The Company mitigated US lumber duties and capitalized on improved market demand and pricing by increasing lumber sales to China.
Oct 13, 2017 06:15 pm ET
S&P Dow Jones Indices Announces Changes to the S&P/TSX Canadian Indices
Results of the Quarterly Review of the S&P/TSX Composite Buyback and Shareholder Yield Indices
Oct 02, 2017 04:30 pm ET
Western Forest Products Inc. Announces Release Date of Third Quarter 2017 Results and Conference Call Details
Western Forest Products Inc. (TSX: WEF) ("Western" or the "Company") third quarter 2017 financial and operating results will be released on Thursday, November 2, 2017.
Aug 02, 2017 08:12 pm ET
Western Forest Products Inc. Confirms Record Date of Third Quarter 2017 Dividend
Western Forest Products Inc. (TSX: WEF) ("Western" or the "Company") is pleased to confirm that a quarterly dividend of $0.02 per share will be paid with respect to the Company's third fiscal quarter of 2017 to shareholders of record as at the close of business on Friday, September 1, 2017 and will be distributed on or about Friday, September 15, 2017.
Aug 02, 2017 08:09 pm ET
Western Forest Products Inc. Announces Normal Course Issuer Bid
Western Forest Products Inc. (TSX: WEF) ("Western" or the "Company") announced today that it has received approval from the Toronto Stock Exchange ("TSX") to launch a normal course issuer bid ("NCIB") to purchase for cancellation up to 19,778,383 of its common shares, representing approximately 5% of the common shares issued and outstanding as of August 1, 2017 395,567,663 common shares).
Aug 02, 2017 08:06 pm ET
Western Announces Second Quarter 2017 Results
Western Forest Products Inc. (TSX: WEF) ("Western" or the "Company") reported adjusted EBITDA of $47.1 million in the second quarter of 2017, compared to adjusted EBITDA of $43.0 million in the second quarter of 2016, and $34.0 million reported in the first quarter of 2017. Western leveraged its flexible operating platform to mitigate US softwood lumber duties, overcome log supply challenges and capitalize on improved market pricing.
Jul 27, 2017 06:00 pm ET
Western Forest Products Indefinitely Curtails Somass Sawmill
Western Forest Products Inc. (TSX: WEF) ("Western" or the "Company") today announced the indefinite curtailment of its Somass Sawmill, located in Port Alberni, B.C. The Somass Sawmill has been temporarily curtailed since February 2017, prior to which it operated on a single shift basis. Western intends to offer voluntary severance to its Somass Sawmill hourly employees.
Jun 30, 2017 04:15 pm ET
Western Forest Products Announces Release Date of Second Quarter 2017 Results and Conference Call Details
Western Forest Products' (TSX: WEF) second quarter 2017 financial and operating results will be released on Wednesday, August 2, 2017.
May 03, 2017 06:48 pm ET
Western Announces First Quarter 2017 Results
As previously reported, Western Forest Products Inc. (TSX: WEF) ("Western" or the "Company") suffered a tragic loss on April 20 when five employees were injured, three fatally, during a rail incident at our TFL 37 Englewood Operation near Woss, British Columbia.
May 03, 2017 06:30 pm ET
Western Forest Products Inc. Confirms Record Date of Second Quarter 2017 Dividend
Western Forest Products Inc. (TSX: WEF) ("Western" or the "Company") is pleased to confirm that a quarterly dividend of $0.02 per share will be paid with respect to the Company's second fiscal quarter of 2017 to shareholders of record as at the close of business on Thursday, June 1, 2017 and will be distributed on or about Friday, June 16, 2017.
Apr 07, 2017 05:15 pm ET
Western Forest Products Announces Release Date of First Quarter 2017 Results and Conference Call Details
Western Forest Products' (TSX: WEF) first quarter 2017 financial and operating results will be released on Wednesday, May 3, 2017.
Feb 16, 2017 07:26 pm ET
Western Forest Products Inc. Confirms Record Date of First Quarter 2017 Dividend
Western Forest Products Inc. (TSX: WEF) ("Western" or the "Company") is pleased to confirm that a quarterly dividend of $0.02 per share will be paid with respect to the Company's first fiscal quarter of 2017 to shareholders of record as at the close of business on Wednesday, March 1, 2017 and will be distributed on or about Friday, March 17, 2017.
Feb 16, 2017 07:23 pm ET
Western Announces Fourth Quarter And Fiscal 2016 Year-End Results
Western Forest Products Inc. (TSX: WEF) ("Western" or the "Company") announced results for the fourth quarter and year ended December 31, 2016. The Company reported fourth quarter adjusted EBITDA of $33.8 million in 2016, compared to adjusted EBITDA of $29.6 million in the same quarter last year, and $35.7 million reported in the third quarter of 2016. Targeted increases in log purchases facilitated higher Western Red Cedar lumber production and sales volumes that largely offset the normal seasonal decline in fourth quarter adjusted EBITDA. Improved log and lumber
Jan 25, 2017 07:30 pm ET
Western Forest Products Inc. Announces Remanufacturing Consolidation
Western Forest Products Inc. (TSX: WEF) ("Western" or the "Company") announced today the permanent closure of its South Vancouver Island Remanufacturing plant consistent with its strategy of consolidating operations in its recapitalized facilities. The South Island Remanufacturing plant was indefinitely curtailed in March 2016. All employees from this facility have been provided jobs at the Company's other operations or received compensation for the closure.
Jan 16, 2017 09:15 am ET
Western Forest Products Announces Release Date of Fourth Quarter and Fiscal 2016 Results and Conference Call Details
Western Forest Products' (TSX: WEF) fourth quarter and fiscal 2016 financial and operating results will be released on Thursday, February 16, 2017.
Dec 09, 2016 05:00 pm ET
Western Forest Products Inc. Extends Revolving Term Loan Facility
Western Forest Products Inc. (TSX: WEF) ("Western" or the "Company") announced today that it has extended the maturity date of its $125 million revolving credit facility by one year to December 14, 2017. Terms and conditions of the revolving credit facility remain unchanged.
Nov 03, 2016 07:55 pm ET
Western Forest Products Inc. Confirms Record Date of Fourth Quarter 2016 Dividend
Western Forest Products Inc. (TSX: WEF) ("Western" or the "Company") is pleased to confirm that a quarterly dividend of $0.02 per share will be paid with respect to the Company's fourth fiscal quarter of 2016 to shareholders of record as at the close of business on Thursday, December 1, 2016 and will be distributed on or about Friday, December 16, 2016.
Nov 03, 2016 07:34 pm ET
Western Announces Third Quarter 2016 Results
Western Forest Products Inc. (TSX: WEF) ("Western" or the "Company") reported adjusted EBITDA of $35.7 million in the third quarter of 2016, compared to adjusted EBITDA of $28.7 million reported in the same quarter last year, and $43.0 million reported in the second quarter of 2016. A significant increase in lumber and export log sales volumes, combined with improved pricing and a strengthening commodity lumber market delivered a 24% increase in adjusted EBITDA in the third quarter of 2016, as compared to the same quarter last year. A normal seasonal decline in log and
Oct 21, 2016 08:11 pm ET
Western Forest Products Inc. Announces Settlement for the April 2011 Tenure Extinguishment In a Portion of Tree Farm Licence 44
Western Forest Products Inc. (TSX: WEF) ("Western" or the "Company") announces that the Province of British Columbia has agreed to compensate Western in the amount of $14 million for the partial tenure extinguishment from the Maa'nulth First Nations Final Agreement Act (the "Treaty") that came into effect April 1, 2011. The creation of Treaty Settlement Lands and associated protected area tied to the Treaty resulted in the permanent harvesting rights reduction of 104,000 cubic metres in Tree Farm Licence 44. The Company intends to use the proceeds of
Sep 30, 2016 09:00 am ET
Western Forest Products Announces Release Date of Third Quarter 2016 Results and Conference Call Details
Western Forest Products' (TSX: WEF) third quarter 2016 financial and operating results will be released on Thursday, November 3, 2016.
Aug 29, 2016 11:38 pm ET
Western Forest Products Inc. Confirms New Annual Allowable Cut for Tree Forest License 39
Western Forest Products Inc. (TSX: WEF) ("Western" or the "Company") announces the results of an expected Annual Allowable Cut ("AAC") determination for Tree Farm License 39 ("TFL 39"). Effective today, the Chief Forester of the Province of British Columbia has determined a new AAC for the Company's TFL 39 of 1,416,300 cubic metres. Taking into account land base changes, the new AAC represents a reduction of approximately 263,000 cubic metres from the previous determination, and is consistent with the Company's expected result of this regularly
Aug 04, 2016 09:15 am ET
Western Forest Products Inc. Confirms Record Date of Third Quarter 2016 Dividend
Western Forest Products Inc. (TSX: WEF) ("Western" or the "Company") is pleased to confirm that a quarterly dividend of $0.02 per share will be paid with respect to the Company's third fiscal quarter of 2016 to shareholders of record as at the close of business on Thursday, September 1, 2016 and will be distributed on or about Friday, September 16, 2016.
Aug 03, 2016 08:13 pm ET
Western Announces Second Quarter 2016 Results
Western Forest Products Inc. (TSX: WEF) ("Western" or the "Company") reported adjusted EBITDA of $43.0 million in the second quarter of 2016, compared to adjusted EBITDA of $35.7 million reported in the previous quarter and $29.2 million reported in the second quarter of 2015. Improved specialty log and lumber pricing, a stronger commodity lumber market and increased lumber sales volumes delivered a 47% increase in second quarter adjusted EBITDA.
Jul 08, 2016 06:15 pm ET
S&P Dow Jones Indices Announces Changes to the S&P/TSX Canadian Indices
Results of the Quarterly Review of the S&P/TSX Composite Buyback and Shareholder Yield Indices
Jun 30, 2016 09:25 am ET
Western Forest Products Announces Release Date of Second Quarter 2016 Results and Conference Call Details
Western Forest Products' (TSX: WEF) second quarter 2016 financial and operating results will be released on Wednesday, August 3, 2016.
May 06, 2016 02:15 pm ET
Western Forest Products Announces Election of Directors
Western Forest Products Inc. (TSX: WEF) ("Western" or the "Company") announced today its voting results in respect of the election of all director nominees at its Annual Meeting (the "Meeting") held today as follows:
May 06, 2016 09:00 am ET
Western Forest Products Inc. Confirms Record Date of Second Quarter 2016 Dividend
Western Forest Products Inc. (TSX: WEF) ("Western" or the "Company") is pleased to confirm that a quarterly dividend of $0.02 per share will be paid with respect to the Company's second fiscal quarter of 2016 to shareholders of record as at the close of business on Wednesday, June 1, 2016 and will be distributed on or about Friday, June 17, 2016.
May 05, 2016 07:21 pm ET
Western Announces First Quarter 2016 Results
Western Forest Products Inc. (TSX: WEF) ("Western" or the "Company") reported adjusted EBITDA of $35.7 million in the first quarter of 2016, compared to adjusted EBITDA of $29.6 million reported in both the same period last year and the previous quarter. Improved log and lumber pricing, higher lumber production and increased lumber sales volumes delivered a 21% increase in adjusted EBITDA.