Western Forest Prod (TSE:WEF) has released an update.
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Western Forest Products Inc. has announced a significant cut in lumber production by 10% for the year 2024, due to weaker market demand and increased U.S. softwood lumber duties. These temporary curtailments will affect their British Columbia operations, reflecting ongoing market and operational challenges. The company remains committed to adapting its output in line with market demands while emphasizing the importance of supportive government policies for the forestry sector.
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