West Fraser Updates Progress on its Lumber and OSB Mills

SEATTLE (Scrap Monster): West Fraser announced key operational and corporate updates on its lumber mill in Dudley, Georgia and OSB mill in Chambord, Quebec. Furthermore, the company announced that its wholly-owned subsidiary Norbord Inc. has applied to cease to be a reporting issuer in Canada.

West Fraser announced that the progress on its new lumber manufacturing complex in Dudley remains on track with management’s initial expectations. Major portions of the new mill are being commissioned and are ramping up. The new site is expected to be fully operational by the end Q2 2021. This will boost the annual production capacity at the site by 170 million board feet to 270 million board feet over the next several years.

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Meantime, the company’s Chambord, Quebec OSB mill has completed commissioning. The mill has started producing and shipping panels to customers. It expects to obtain certification for its commodity OSB grades over the forthcoming weeks.

In addition, West Fraser also announced that it has filed a preliminary short form base shelf prospectus with the securities commissions in each of the provinces of Canada and a corresponding shelf registration statement with the U.S. Securities and Exchange Commission. The specific terms of any offering of Securities will be provided in a shelf prospectus supplement, the company news release said.