Rubber and Wood
The company had previously shut down its Dillard facility in Douglas County, when it decided to exit the hard plywood industry in September 2025.
European export patterns have shifted significantly.
Industry leaders argue that Canada’s continued subsidies will intensify the ongoing trade dispute and ultimately result in increased duty collections at the U.S. border.
The company emphasized that its power generation operations and competitive log cost structure continue to support business resilience.
On November 28, 2025, LBR was at $544.00 per 1,000 board feet, down 7.6% from a year ago.
The commitments announced by Prime Minister Carney reflect an important recognition of the role forestry and forest products play in the economic strength of Canada.
To date, Canadian softwood lumber companies have paid over $7 billion dollars in duties to the U.S. government.
The North American softwood lumber prices witnessed a rollercoaster ride in October this year.
Such misleading and false statements have been repeatedly debunked by NAHB's own data and ignore the facts on the ground.
In August, the Carney government announced a $1.25-billion support package for the softwood lumber industry.
It will specialize in producing high-quality Southern Yellow Pine framing lumber.
Firefighters were able to contain the flames to just that building, but it appears to be a total loss.
Mr. Beckwitt served in various executive leadership capacities at Lennar Corporation, one of the nation’s leading homebuilders, with 2024 revenues exceeding $35 billion.
The Q3 production represented an increase of 9% from the 35.3 million board feet produced in the previous quarter.
Excessive tariffs coupled with persistent duties under the US Trade Law will continue to penalize Canadian producers, thus discouraging imports.
These elevated trade barriers pose additional challenges for home builders who rely on Canadian lumber to meet construction demand.
The Q3 net sales stood at $70.2 million in Q3 2025, down by approximately 17% when compared with the prior quarter.
The International Falls, Minnesota, port of entry, the port a majority of Canadian softwood lumber enters through, saw $840 million in imports last year.
West Fraser stated that it will provide work opportunities to the affected employees “where available.”
Federal and provincial officials stated that they are coordinating measures to support workers, contractors, and communities affected by market shifts.
The closure of these mills better positions West Fraser to compete in this challenging environment.
The net loss for the quarter stood at $172 million, equivalent to $1.48 per share.
The U.S. hardwood industry is the largest exporter of hardwood logs, lumber and veneer in the world.
For the quarter ended September 30, 2025, the company posted a net income of $21.8 million, or $0.58 per share, on sales of $1.7 billion.
The feds announced $1.2 billion in federal support for the softwood lumber industry in August, but Premier David Eby has pushed for further support since.