Q1 2024 Adjusted EBITDA was $200 million compared to $97 million in the Q4 2023.
West Fraser
The mills will be operated by Millar Western Forest Products, which joined the global Atlas family of manufacturing and distribution businesses in 2017.
West Fraser will continue as the sole owner/operator of the mill, doing business as Cariboo Pulp and Paper Company.
Engineered wood products segment shows strength while lumber segment barely breaks even.
Hinton Pulp produces unbleached kraft pulp. West Fraser will continue to support the mill through a long-term fibre supply agreement.
The decision is the result of West Fraser’s inability to access economically viable fibre in the region.
The closure of Maxville Sawmill will impact approximately 80 employees, while the indefinite curtailment of Huttig will impact 140 employees. In aggregate this will reduce West Fraser’s U.S. lumber capacity by approximately 270 million board feet.