West Fraser Announces $125 Million Capital Spending Program

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West Fraser Timber Co., Vancouver, B.C., Canada, this week announced a new $125 million capital spending program that will focus on expanding and upgrading various solid wood operations in Alberta, the U.S. South, and the British Columbia interior. The program is expected to be carried out over the next 18 months.

Hank Ketcham, West Fraser's chairman, president, and CEO, said that "as a result of our strong balance sheet, we are able to begin making significant capital improvements to our facilities to keep them at the forefront of technology and efficiency."

West Fraser is an integrated wood products company producing lumber, wood chips, LVL, MDF, plywood, pulp, and newsprint. The company has operations in western Canada and the southern U.S.