West Fraser Timber indefinitely shuts down Lake Butler, FL sawmill, impacting 130 employees and reducing U.S. lumber capacity by 110M board feet.
West Fraser Timber Co. Ltd. has announced the indefinite shutdown of its sawmill in Lake Butler, Florida, due to high fiber costs and weak lumber markets. This will impact about 130 employees and reduce U.S. lumber capacity by roughly 110 million board feet. The company aims to provide alternative work opportunities for affected staff and plans to record an impairment charge in Q3 2024 as a result of this decision.
September 19, 2024
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