Business
Western Forest Products Annual and Special Meeting on Friday, June 16
Western Forest Products Annual and Special Meeting on Friday, June 16.
About this update from Western Forest Products Inc.
[{"type":"text","content":"\n\n\n\n\nTSX: WEF\n\nDUNCAN, BC, June 13 /CNW/ - Western Forest Products Inc. (TSX: WEF) today\nconfirmed its Annual and Special Meeting will be held on Friday June 16, 2006\nat 10:00 a.m. There will be a live audio feed of the meeting and presentation,\nlinks to which can be found on our website at www.westernforest.com. The\npresentation material will also be available on our website. Western will\ngenerally review operating initiatives currently underway including progress\nwith the integration of the former Cascadia Forest Products Ltd. operations\nthat were acquired and amalgamated with Western on May 1, 2006 and the\nEnglewood Logging Division operations that were acquired in March, 2006. These\ninitiatives include staff reductions of approximately 15%, timberlands\nreorganization and some of the integration activities underway to achieve the\nestimated $71 million in annual synergies.\n\nWestern Forest Products\nWestern is an integrated Canadian forest products company. Principal\nactivities conducted by Western and its subsidiaries include timber\nharvesting, reforestation, sawmilling logs into lumber and wood chips, and\nvalue-added remanufacturing. Substantially all of Western's logging is\nconducted on government owned timberlands in British Columbia. All of\nWestern's operations, employees and corporate facilities are located in the\ncoastal region of British Columbia while its products are sold in over\n20 countries worldwide. Western is the largest Coastal British Columbia\nwoodland operator and lumber producer with an Annual Allowable Cut of\napproximately 7.7 million cubic meters of timber and lumber capacity in excess\nof 1.5 billion board feet from nine sawmills and five remanufacturing plants.\n\nForward Looking Statements and Information\nThis press release contains forward-looking statements and \nforward-looking information within the meaning of applicable securities law.\nThose statements and information include statements or information regarding\nthe intent, belief or current expectations of Western. Such statements or\ninformation may be indicated by words such as \"approximately\", \"achieving\",\n\"estimated\", \"expect\", \"anticipate\", \"plan\", \"intend\", \"believe\", \"will\",\n\"should\", \"may\" and similar words and phrases. Readers are cautioned that any\nsuch forward-looking statements or ...