Cariboo Pulp & Paper Planned Curtailment This Spring and Fall

Cariboo Pulp & Paper (CNW Group/West Fraser Timber Co. Ltd.)

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VANCOUVER, B.C., February 7, 2023 – West Fraser Timber Co. Ltd. ("West Fraser") (TSX and NYSE: WFG) today announced the planned curtailment of operations at Cariboo Pulp & Paper located in Quesnel, British Columbia, beginning in mid-April for a month and then for another month in the third quarter.

Today’s decision is the result of the decline in availability of sawmill residuals. The fibre supply challenge in British Columbia is well documented. Infestation, fire, and government policy decisions have all impacted the amount of available fibre in the province.

Downtime at Cariboo Pulp & Paper will help better align our production capacity this year with the available fibre supply. These plans may be adjusted should fibre forecasts change.

Cariboo Pulp & Paper expects to mitigate some of the impact on its affected employees through vacation scheduling and alternative work assignments.

Cariboo Pulp & Paper is jointly owned by West Fraser and Mercer International.

Source: West Fraser